Listed by Marcus & Millichap - San Diego
$6,633,000
Wawa Ground Lease
Details
Property Type Retail
Sub Type Gas Station, Storefront
Square Footage 5,915
Units 1
Cap Rate 4.9%
NOI $325,000
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Price per SqFt $1,121
Year Built 2026
Acreage 3.960
Ground Lease Yes
Pad to New Master-Planned Development | 20-Year NNN Ground Lease
Marketing description
Sambazis Retail Group of Marcus & Millichap is pleased to present the Wawa in Lebanon, Tennessee. Wawa has signed a new 20-year NNN ground lease with 5% increases every 5 years beginning in year 11. There is a corporate guaranty by Wawa, Inc. (“BBB” Investment-Grade Rating by Fitch) who operated 1,200+ locations.
Investment highlights
- New 20-Year NNN Ground Lease with 5% Increases Every 5 Years Beginning at Year 11
- Corporate Guaranty by Wawa, Inc.(“BBB” Investment-Grade Rating by Fitch)
- Wawa Operates 1,200+ Locations, Top 5 Fastest-Growing Companies in the U.S.
- Brand New High-Quality Construction on Large 3.96-Acre Parcel
- 18,100+ New Homes Under Construction within 5 Miles, Lebanon Named 12th Fastest Growing City in the U.S.
- Outparcel to New Master-Planned Community on 45 Acres with 700+ Upscale Residential Units and Class-A Office, Retail, and Hotel Space
- 1.5 Miles to Barton Village, a $900 Million Development on 365 Acres with 1,945 Homes and 200,000 SF of Class-A Retail, Medical Office, and a Hotel
- Prime Location Off I-40 with 93,000+ Cars/Day, Direct Access to Downtown Nashville
- Surrounded by 12,500+ Students Attending Several K-12 Schools and Cumberland University
- Strong Daytime Population with 25,000 Employees in Primary Trade Area
- 20 Miles Nashville International Airport and 29 Miles to Downtown Nashville
- Tax-Free State, No State Income Tax in Tennessee
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$325,000.00
$27,083.33/mo
Valuation Metrics
0
DSCR
4.9%
Cap Rate
4.9%
ROI
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