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Wawa - Indianapolis (Greenfield) IN 5957 US 40 hwy 5,915 SF Retail Building Greenfield, IN 46140 $4,200,000 ($710.06/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Signalized, Hard Corner Intersection | Brand New Construction |Wawa - Strong Earnings Report and Continued Growth
- Absolute NNN Ground Lease | Land Ownership No Landlord Responsibilities
- Local 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, 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 largers private companies
• 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 largers private companies
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
$4,200,000
Price Per SF
$710.06
Cap Rate
5%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.46 AC
Zoning
Commmercial - Commercial
Parking
80 Spaces (13.52 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signalized Intersection
- Monument Signage
PROPERTY TAXES
| Parcel Number | 30-10-06-200-041.000-012 | Improvements Assessment | $0 |
| Land Assessment | $4,300 | Total Assessment | $4,300 |
PROPERTY TAXES
Parcel Number
30-10-06-200-041.000-012
Land Assessment
$4,300
Improvements Assessment
$0
Total Assessment
$4,300
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Wawa - Indianapolis (Greenfield) IN | 5957 US 40 hwy
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