NNN Wawa Convenience Store – Development

Southeast, US

$4,200,000

Funding Purpose

Tauro Capital Advisors, Inc. was engaged on an exclusive basis to place debt for the development of a convenience store in the southeastern US.

Property Description

The asset is a NNN Wawa Convenience Store and Gas Station asset. The property consists of 30,000 square feet valued at nearly $5 million.

Sponsors

The asset is a NNN Wawa Convenience Store and Gas Station asset. The property consists of 30,000 square feet valued at nearly $5 million.

Challenges

  • The Sponsor was referred to Tauro with the only requirement being to close quickly with the best terms possible.

Solutions

  • Tauro was able to model, market, and place debt at 95% loan-to-cost all within a month of deal identification.

Funding

  • Loan-to-Cost: 95%
  • Interest Rate: 13.5%
  • Amortization: Interest-Only
  • Term: 24 Months
  • Recourse: Non-recourse
  • Close Date: 11/16/2023

Associate Director  | Capital Advisor

714-655-3720

glaws@taurocapitaladvisors.com

Managing Director  | Capital Advisor

714-401-7667

mbucaro@taurocapitaladvisors.com

Associate Director  | Capital Advisor

714-402-1210

mtbucaro@taurocapitaladvisors.com