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Wawa - Scottsburg IN 1215 McClain Ave 5,514 SF Retail Building Scottsburg, IN 47170 $4,500,000 ($816.10/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Hard Corner Intersection | I-65 (37,100 VPD) | Dense Corridor |Wawa - Strong Earnings Report and Continued Growth
- Absolute NNN Ground Lease | Land Ownership No Landlord Responsibilities
- Strong Demographics in 10-mile Trade Area
EXECUTIVE SUMMARY
• The lease is 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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• New construction with high quality materials and distinct design elements
• 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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• New construction with high quality materials and distinct design elements
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
5,514 SF
Year Built
2025
Price
$4,500,000
Price Per SF
$816.10
Cap Rate
5%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.70 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
46 Spaces (8.34 Spaces per 1,000 SF Leased)
Frontage
165’ on MCCLAIN AVE
AMENITIES
- Corner Lot
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 72-05-19-300-022.000-008 | Improvements Assessment | $151,000 |
| Land Assessment | $170,400 | Total Assessment | $321,400 |
PROPERTY TAXES
Parcel Number
72-05-19-300-022.000-008
Land Assessment
$170,400
Improvements Assessment
$151,000
Total Assessment
$321,400
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Wawa - Scottsburg IN | 1215 McClain Ave
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