2327 Graves Rd
Hebron, KY 41048
Wawa · Retail Property For Sale

This brand new, 20-year absolute NNN ground lease with Wawa presents a rare opportunity to acquire a top-tier single-tenant asset backed by an investment-grade corporate guaranty. Located at the signalized hard corner of Graves Road and Williams Road in Hebron, KY, the property benefits from exceptional visibility, strong traffic patterns, and seamless access for both local and regional consumers. Wawa continues to be one of the nation’s most coveted convenience and fuel operators, now ranking as the 20th largest private company in the United States following a 22 percent revenue increase in 2023. Their aggressive expansion strategy, calling for up to 280 new stores over the next decade, underscores the long-term viability and demand for the brand.
The lease structure offers investors maximum stability through a true absolute NNN ground lease with zero landlord responsibilities, flat rent for the first ten years, and a scheduled five percent increase at year 10, followed by additional fixed bumps during each of the six five-year option periods. With no existing financing in place, buyers may acquire the asset all-cash or finance at their discretion. The parcel spans approximately 2.7 acres and is positioned within a thriving corridor supported by growing residential communities, high household incomes, and proximity to the Cincinnati/Northern Kentucky International Airport.
Hebron has experienced consistent population and residential growth driven by its position as a logistics, employment, and suburban housing hub for the broader Cincinnati metro. Nearby master-planned communities, luxury estate neighborhoods, and new housing developments further support long-term retail demand. This offering delivers an exceptional blend of tenant strength, long-term cash flow durability, and a prime Northern Kentucky location poised for continued expansion.