Wawa - Scottsburg IN
New Construction | Located Directly Off I-65 on/off ramp (37,100 VPD)
Marketing description
Introducing an exceptional investment opportunity at 1215 W. McClain Avenue, Scottsburg, Indiana. This Single Tenant Absolute NNN ground lease boasts a brand new construction with a new 20-year lease from the well-established Wawa brand, which generated an impressive $18.6 billion revenue in 2024. The property features a 5,514 SF rentable area on a spacious 1.70 AC land, built in 2026. The lease is guaranteed by Wawa Inc., a reputable convenience store and gas brand with over 1,100 locations. With a cap rate of 5.00% and annual net operating income of $225,000, this investment offers a secure income stream. Enjoy the benefits of a 20-year lease term with 7% rental increases every 5 years and 6 (5-year) extension options. Don't miss out on this exclusive opportunity to own a premium property with a top-tier tenant in a high-traffic location. Take advantage of the steady income and long-term lease provided by Wawa Inc.
Investment highlights
Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
Absolute NNN Ground Lease | Land Ownership No Landlord Responsibilities
Hard Corner Intersection | I-65 (37,100 VPD) | Dense Corridor |Wawa - Strong Earnings Report and Continued Growth
Strong Demographics in 10-mile Trade Area
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