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33497507
33497508

3015 Lebanon Rd, Lebanon, OH 45036 For Sale

FR
MI 6502417063
SRS Real Estate Partners Newport Beach
MC
MI 6501369793
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
SS
KY 271256
SRS Louisville
Listed by SRS Real Estate Partners Newport Beach, SRS Louisville
$5,923,000
189 days on market
Updated 40 days ago

Wawa

Details
APN 12-02-200-013-0
Property Type Retail
Sub Type Convenience Store, Gas Station (+1)
Square Footage 5,250
Cap Rate 5.25%
NOI $311,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Options 6 (5-Year)
Price per SqFt $1,128
Year Built 2026
Acreage 3.170
Zoning I-1, Light Industrial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Ownership Land Ownership

New 20 Year Lease | Direct Access via I-71 (47,500 VPD) | AHHI of $169,000 Within 3 Miles

Marketing description

The asset is strategically positioned near the on/off ramps of Interstate 71 (47,500 VPD) and State Highway 48 (28,100 VPD), two heavily traveled commuter corridors providing direct connectivity to downtown Cincinnati and the broader region. Directly across State Route 48 sits the Ohio State Patrol headquarters, reinforcing daily traffic, while the property also benefits from its location in Lebanon, the county seat of Warren County and a central hub for civic, legal, and administrative activity. One exit south is Kings Island, one of the largest amusement parks in the Midwest, drawing millions of visitors annually and generating substantial seasonal and weekend traffic. Furthermore, directly across from Kings Island is the Lindner Family Tennis Center, host of the Cincinnati Open, a premier professional tennis tournament, which has undergone over $250 million in public and private investment to support year-round use and global attendance. The surrounding area is further supported by over 1.7 million square feet of nearby industrial space anchored by major users such as FedEx, operating at an exceptionally low 0.4% vacancy rate, driving consistent daytime population from a dense labor force. Combined with strong crossover traffic from national retailers including Home Depot, Target, Lowe’s, and Kohl’s within one mile, and an affluent five-mile trade area supported by 72,500 residents and 29,300 employees, the location provides a compelling environment for a high-volume QSR, fuel, and convenience-oriented use

Investment highlights

  • Brand New 20 Year Lease | Options To Extend | New Construction
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Direct Access via I-71 (47,500 VPD) | State Hwy 48 (28,100 VPD) Nearby National/Credit Tenants | Industrial Corridor
  • Strong Demographics In 5-Mile Trade Area | Affluent Community

Listing Contacts

FR
MI 6502417063
SRS Real Estate Partners Newport Beach
MC
MI 6501369793
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
SS
KY 271256
SRS Louisville
Listed by SRS Real Estate Partners Newport Beach, SRS Louisville

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$311,000.00
$25,916.67/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Sarah Shanks
License
BRKP.2023006361 | REC.2024000384
Brokerage
National Net Lease
Title
Broker of Record
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