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New Wawa | 20-Yr Ground Lease | 40k VPD 5520 86th st 5,919 SF Retail Building Indianapolis, IN 46268 $5,033,000 ($850.31/SF) 4.75% Cap Rate
Investment Highlights
- New 20-Year Absolute NNN Ground Lease | 10% Every 5 Years
- Strategic Indianapolis Location | Dense Retail Corridor
- Strong Demographics and Daytime Population In 5-Mile Trade Area
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Major Employment and Traffic Drivers Nearby | 840-Bed Hospital
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Wawa investment property located in Indianapolis, Indiana. The tenant, Wawa recently signed a brand new 20 year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN ground lease with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
5,919 SF
Year Built
2026
Price
$5,033,000
Price Per SF
$850.31
Cap Rate
4.75%
NOI
$239,044
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.82 AC
Parking
65 Spaces (10.98 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signalized Intersection
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 13
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