4701 BLK E JACKSON ST, MUNCIE, IN 47303

This Wawa Ground Lease near Indianapolis offers investors the opportunity to acquire a newly-developed, single-tenant retail asset with a 20-year lease guaranteed by Wawa, Inc. This new 5,919-square-foot convenience store and gas station sits on approximately 4.6 acres in a highly visible location along East Jackson Street, one of Muncie’s primary commuter and retail corridors. The offering features a 20-year absolute NNN ground lease with zero landlord responsibility, four 5-year renewal options, and attractive 10% quinquennial rental escalations. Priced at $4,300,000, the asset delivers a 5.00% cap rate. Positioned near Ball State University, established residential neighborhoods, and major regional traffic routes, the site benefits from strong daily consumer demand and limited competition from modern, food-focused convenience brands. Muncie’s role as the economic hub of East Central Indiana, combined with Wawa’s powerful brand recognition, expanding Midwest footprint, and high-volume operating model, makes this an exceptional long-term net lease investment opportunity.