Listed by Sands Investment Group Los Angeles, Sands Investment Group, Sands Investment Group Philadelphia
$4,522,252
Wawa - Clarksville, TN
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,915
Cap Rate 4.75%
NOI $214,807
Occupancy 100%
Tenancy Single
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 6 x 5 Year Options
Price per SqFt $765
Year Built 2026
Acreage 2.840
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/06/2023
Ground Lease Yes
2026 Construction - Wawa | Nashville MSA | 20-Yr Ground Lease | Tax Free State
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 5,915 SF Wawa located on 101st Airborne Division Parkway in Clarksville, TN. This deal includes a premier new-construction Absolute Triple Net (NNN) Ground Lease investment secured by one of the nation’s most coveted convenience store operators and positioned along the primary commercial corridor serving one of Tennessee’s fastest-growing markets.
Investment highlights
- Long-Term Lease With Contractual Rent Growth: The lease provides a 20-year initial term with 6, 5-year renewal options, up to 50 years of total term. Built-in rent bumps of approximately 5% occur every 5 years, growing annual rent from $214,807 to $317,368 by Year 50.
- Investment-Grade Tenant With Exceptional Brand Strength: Wawa, Inc. is one of the most recognized convenience and fuel brands in the U.S., operating 1,000+ locations with annual revenues exceeding $19 billion. Wawa's 24/7 operating model and long track record of lease performance make it one of the most coveted net lease tenants in the country.
- Irreplaceable Location on the Primary Fort Campbell Corridor: Situated directly on 101st Airborne Division Parkway, the primary access corridor to Fort Campbell, the site benefits from 39,484 vehicles per day. Fort Campbell is home to 27,100+ active duty soldiers, 50,800+ family members, and 70,000+ military retirees, creating a massive, recession-resistant consumer base anchored by the U.S. government.
- One of the Fastest-Growing Markets in the Nation: Clarksville ranks among the 25 fastest-growing cities in the United States, adding 14,000 residents in just 3 years to reach a city population of 180,000+, with Montgomery County approaching 250,000 total. Located 30 minutes north of Nashville, the market's trajectory shows no signs of slowing.
- Tennessee is an Income Tax-Free, Pro-Business State: Tennessee imposes no state income tax, no rent control, and maintains strong landlord protections, consistently attracting residents and businesses from higher-tax states. This migration-driven growth directly fuels the demand that makes Clarksville one of the Southeast's most compelling net lease markets.
- Absolute Triple Net (NNN) Ground Lease: Zero landlord responsibility structured as an Absolute Triple Net (NNN) Ground Lease, the tenant is responsible for all taxes, insurance, utilities, and maintenance. Following pad delivery, the landlord has zero ongoing obligations, a truly passive investment for up to 50 years.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$214,807.00
$17,900.58/mo
Valuation Metrics
0
DSCR
4.75%
Cap Rate
4.75%
ROI
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