5520 W 86th St, Indianapolis, IN 46268

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Wawa investment property located in Indianapolis, Indiana. The tenant, Wawa recently signed a brand new 20 year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN ground lease with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Wawa is strategically located along W. 86th Street (39,800 VPD) near the signalized intersection of Zionsville Road (15,000 VPD) in Indianapolis, Indiana. W. 86th Street is a major east-west retail corridor serving the northwest Indianapolis trade area and provides direct connectivity to Interstate 465 / USS Indianapolis Memorial Highway (113,100 VPD), offering strong commuter visibility and regional accessibility. The property is positioned within a dense retail corridor surrounded by national and credit tenants including Costco, Target, Walmart Supercenter, Lowe’s, Trader Joe’s, Starbucks, Panera Bread, Marshalls, Petco, Best Buy, Dick’s Sporting Goods, AMC, Aldi, Kroger, and more, which significantly increase consumer traffic to the site. In addition, the asset benefits from nearby hotels, office and industrial users, and major employment drivers including an Amazon warehouse facility. The subject property is also in close proximity to Ascension St. Vincent Indianapolis Hospital, an 840-bed regional medical facility and major area employer, further supporting long-term traffic and retail demand. The 5-mile trade area is supported by a population of more than 130,860 residents, an average household income of approximately $131,436, and over 88,852 employees.