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0 Motlow College
Smyrna, TN 37167
Wawa · Retail Property For Sale
Investment Highlights
- 20-year absolute NNN ground lease
- Signalized hard corner of Sam Ridley Pkwy & Motlow College Blvd with direct I-24 connectivity
- Fast-growing Nashville suburb
- 5% rent increases every 5 years after year 10; six 5-year renewal options
- Gateway to Sewart's Landing — Sprouts-anchored mixed-use with 280K SF retail, 240 hotel rooms, 268 apartments, 400K SF office/medical
Executive Summary
New-construction absolute triple net (NNN) ground lease investment — leased-fee interest in a ±2.18-acre parcel improved with a 5,915 SF Wawa at the signalized hard corner of Sam Ridley Parkway and Motlow College Boulevard in Smyrna, TN. 20-year initial term with six 5-year renewal options, corporate guaranty from Wawa, Inc., and 5% rent increases every 5 years after year 10. Tenant is responsible for taxes, insurance, and all repairs and maintenance; tenant owns the improvements during the lease term. Rent commences October 26, 2026; construction completion Q4 2026. Located at the gateway to Sewarts Landing, a brand new Sprouts-anchored mixed-use development with 280,000 SF of retail, 240 hotel rooms, 268 multifamily units, and up to 400,000 SF of medical office. No state income tax in Tennessee.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,915 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2027
Construction Status
Proposed
Price
$5,782,680
Price Per SF
$977.63
Cap Rate
5%
NOI
$289,134
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.18 AC
Zoning
PUD
Frontage
324’ on Sam Ridley Parkway West
Amenities
- Signage
- Wheelchair Accessible
Property Taxes
| Parcel Number | 028-044.29-000 | Improvements Assessment | $0 |
| Land Assessment | $1,377,200 | Total Assessment | $1,377,200 |
Property Taxes
Parcel Number
028-044.29-000
Land Assessment
$1,377,200
Improvements Assessment
$0
Total Assessment
$1,377,200
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