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Wawa Ground Lease 3791 State Route 63 6,372 SF Retail Building Lebanon, OH 45036 $5,040,000 ($790.96/SF) 5% Cap Rate
Investment Highlights
- 20-Year Absolute NNN Ground Lease with 7% Increases Every 5 Years Beginning in Year 11
- Wawa Operates 1,200+ Locations with $18.84 Billion in Revenue, Top 5 Fastest-Growing Companies in the U.S.
- Brand New High-Quality Construction on Large 1.89-Acre Parcel
- Corporate Guaranty by Wawa, Inc. (“BBB” Investment-Grade Rating by Fitch)
- Significant Capital Investment by Tenant, Average Cost to Build a Wawa is Approximately $7.5 Million
- Serving Over 66,000 Residents in Rapidly Growing Trade Area, 31 Miles Northeast of Downtown Cincinnati
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,372 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$5,040,000
Price Per SF
$790.96
Cap Rate
5%
NOI
$252,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
8.78 AC
Zoning
R3 - Retail
Amenities
- Signage
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 12-29-100-003 | Improvements Assessment | $0 |
| Land Assessment | $4 | Total Assessment | $4 |
Property Taxes
Parcel Number
12-29-100-003
Land Assessment
$4
Improvements Assessment
$0
Total Assessment
$4
Contacts
-
Phil Sambazis -
Mark Ruble -
Christopher Lind -
Zack House -
Michael Glass -
Marcus & Millichap
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Wawa Ground Lease | 3791 State Route 63
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