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4949 Chambersburg Rd 5,915 SF Retail Building Dayton, OH 45424 $3,708,000 ($626.88/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Lease | Scheduled Rental Increases |Wawa - Strong Earnings Report and Continued Growth
- Signalized, Hard Corner Intersection | Wayne High School | Residential Consumer Base | Proximity to Downtown Dayton
- Absolute NNN Ground Lease | Land Ownership |No Landlord Responsibilities
- Strong Demographics In 5-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
• The ground lease features 7% rental increases every 5 years starting in lease year 11
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS)
• Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS)
• 2025 construction with high quality materials and distinct design elements
• Oversized 4.65 AC parcel
• Brand new 20-year ground lease with 6 (5-year) options to extend
• The ground lease features 7% rental increases every 5 years starting in lease year 11
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS)
• Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS)
• 2025 construction with high quality materials and distinct design elements
• Oversized 4.65 AC parcel
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,915 SF
Building Class
C
Year Built
2025
Price
$3,708,000
Price Per SF
$626.88
Cap Rate
5%
NOI
$185,407
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
4.65 AC
Zoning
PD - Planned Development
Parking
50 Spaces (8.45 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | P70-04004-0026 | Improvements Assessment | $0 |
| Land Assessment | $45,890 | Total Assessment | $45,890 |
PROPERTY TAXES
Parcel Number
P70-04004-0026
Land Assessment
$45,890
Improvements Assessment
$0
Total Assessment
$45,890
CONTACTS
-
Patrick Nutt -
William Wamble -
Philip Wellde -
Sarah Shanks -
SRS Real Estate Partners
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4949 Chambersburg Rd
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