Listed by Marcus & Millichap - Columbus, Marcus & Millichap - San Diego, Marcus & Millichap - Phoenix
$4,800,000
Wawa Ground Lease
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 6,372
Net Rentable (SqFt) 6,372
Brand/Tenant Wawa
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options Six, 5-Year
Year Built 2026
Acreage 1.890
Ground Lease Yes
Across $2 Billion Development with 4,500+ Homes & Kroger Marketplace Center | 20-Year NNN Ground Lea
Marketing description
Sambazis Retail Group of Marcus & Millichap is pleased to present the Wawa in Lebanon, Ohio. Wawa is on a 20-year absolute NNN ground lease with 7% increases every 5 years beginning in year 11.
Investment highlights
- 20-Year Absolute NNN Ground Lease with 7% Increases Every 5 Years Beginning in Year 11
- Corporate Guaranty by Wawa, Inc. (“BBB” Investment-Grade Rating by Fitch)
- Wawa Operates 1,200+ Locations with $18.84 Billion in Revenue, Top 5 Fastest-Growing Companies in the U.S.
- Significant Capital Investment by Tenant, Average Cost to Build a Wawa is Approximately $7.5 Million
- Brand New High-Quality Construction on Large 1.89-Acre Parcel
- Serving Over 66,000 Residents in Rapidly Growing Trade Area, 31 Miles Northeast of Downtown Cincinnati
- Surrounded by Residential Developments with Thousands of New Homes Under Construction, Warren County is One of the Fastest Growing Counites in Ohio
- Average Household Income Exceeds $148,000 in 3 Miles and $124,000 in 5 Miles
- Across from $2+ Billion Urban Master-Planned Community on 1,300 Acres with 4,500 Residences and 1 Million SF of Office, Retail, and Entertainment Space
- Directly Across from New 123,000 SF Kroger Marketplace Development with a New Fifth Third Bank, Wendy’s, and Many More
- 3 Miles to Cincinnati Premium Outlets with 3.6 Million Shoppers Annually
- Down the Street from Miami Valley Gaming Casino and Raceway with 3.6 Million Visitors/Year
- Minutes to New 124-Acre Warren County Sports Park with 1.4 Million Visitors/Year
- Close Proximity to $300 Million Kings Island (Six Flags) Amusement Park with 3.5 Million Visitors/Year
- Hard Corner Location at Busy Signalized Intersection with 27,700+ Cars/Day
- Just Off I-75 with 124,000 Cars Day, Centrally Located Between Dayton and Cincinnati
- Strong Daytime Population with 17,000 Employees in Primary Trade Area
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - San Diego, Marcus & Millichap - Phoenix
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