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Wawa - Lafayette IN 11 Creasy ln 5,200 SF Retail Building Lafayette, IN 47905 $4,211,000 ($809.81/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
- Strong Trade Area | Major Nearby Shopping Centers | Strong National/Credit Tenant Presence
- Direct Residential Consumer Base | Demographics within 5-Miles
- Absolute NNN Ground Lease | No Landlord Responsibilities | Land Ownership
- Located Along South Street | Centralized Location | Excellent Visibility and Access
EXECUTIVE SUMMARY
• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ locations
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 10% rental increases every 5 years of the initial term and at the beginning of each option period, demonstrating their commitment to the site
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The ground lease features 10% rental increases every 5 years of the initial term and at the beginning of each option period, demonstrating their commitment to the site
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$4,211,000
Price Per SF
$809.81
Cap Rate
4.75%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.82 AC
Zoning
Commercial - Commercial
Parking
53 Spaces (10.19 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 79-07-23-453-001.000-004 | Improvements Assessment | $58,100 |
| Land Assessment | $463,100 | Total Assessment | $521,200 |
PROPERTY TAXES
Parcel Number
79-07-23-453-001.000-004
Land Assessment
$463,100
Improvements Assessment
$58,100
Total Assessment
$521,200
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Wawa - Lafayette IN | 11 Creasy ln
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