Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Newport Beach
$4,200,000
Wawa - Indianapolis (Greenfield) IN
Details
APN 301006200041001015
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,915
Cap Rate 5%
NOI $210,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/31/2045
Remaining Term 19.2
Rent Bumps Yes
Lease Options 6 (5-Year)
Year Built 2025
Acreage 2.460
Zoning Commercial
Parking Spaces 80 spaces
Parking Per SqFt 13.52
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2025
Ground Lease Yes
Sale Condition 1031 exchange
New NNN Corporate Wawa | Located at Signalized Hard Corner Avg 45,200 VPD
Marketing description
Introducing a lucrative investment opportunity in Greenfield, Indiana - 5957 West US Highway 40. This property boasts a brand-new 20-year lease with Wawa Midwest, LLC, a well-established convenience store and gas station operator with over 1,100 locations. The lease is guaranteed by Wawa Inc., an investment-grade company, adding to the property's appeal. With a net operating income of $210,000 and a competitive cap rate of 5.00%, this single-tenant absolute NNN ground lease offers a secure and long-term investment. The lease includes 6 (5-year) extension options and 7% rental increases every 5 years from year 11 onwards, ensuring a reliable income stream for potential investors.
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 | Brand New Construction |Wawa - Strong Earnings Report and Continued Growth
- Local Demographics in 5-mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$210,000.00
$17,500.00/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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