SRS Real Estate Partners
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners
$4,939,000
Wawa - Cincinnati (Fairfield) OH
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,915
Units 1
Cap Rate 5%
NOI $246,945
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/31/2045
Remaining Term 19.1
Rent Bumps Yes
Lease Options 6 (5-Year)
Class A
Year Built 2025
Acreage 3.390
Zoning C3 - General Business District
Parking Spaces 60 spaces
Parking per 1,000 SqFt 10.14
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 09/01/2025
Ground Lease Yes
Sale Condition 1031 exchange
New Construction | Directly Across from 1.6M+ SF Industrial Hub
Marketing description
Introducing an exceptional investment opportunity! Located at 4597 Dixie Highway in Fairfield, Ohio, this ground lease features a single tenant, Wawa, with a solid financial track record, generating $18.6 billion in revenue. The property boasts a signalized, hard corner intersection, attracting high traffic volume. With a net operating income of $246,945 and a 5.00% cap rate, this Absolute NNN lease offers a secure long-term investment. The 5,915 SF building sits on a 3.39 AC lot and was constructed in 2025. The lease, guaranteed by Wawa Inc., spans 20 years with 6 renewal options every 5 years.
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
- Signalized Hard Corner Intersection | Across From Industrial Hub |Wawa - Strong Earnings Report and Continued Growth
- Strong Demographics in 5-mile Trade Area
Listing Contacts
SRS Real Estate Partners
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$246,945.00
$20,578.75/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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