Wawa - Springdale, OH
5.15% CAP
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Wawa at 370 Glensprings Drive in Springdale, Ohio (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease with 20.0 years of primary lease term, 5.0% rent escalations every 5 years and six, five-year options. Wawa is #21 on Forbes’ list of 2025 Largest Privately Held Companies, and the largest private company in PA. This site is Wawa’s 5th location in Ohio, and 1st in Hamilton County.
OH Broker of Record: Jon Vanderplough - OH License #: SAL.2005015674
Investment highlights
Brand new 20.0-year absolute NNN ground lease with zero landlord responsibilities
5th Wawa location in Ohio in growing Cincinnati suburb
Large 4.0-acre parcel off I-275/I-5 interchange with 177,000+ VPD
Nearby Amazon Fulfilment Center ranks as the #10 most visited industrial center in OH
Adjacent to Tri-County Retail District undergoing a major mixed-use redevelopment
147,000 residents within a 5-mile radius earning $106,000 in AHHI
Corporate backed lease to the #21 largest private company in the U.S.
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