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Investment Highlights

  • New Construction Ground Lease
  • Dynamic Tenant
  • Cincinnati MSA
  • Attractive Rent Increases
  • Strategic Retail Location
  • High Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Wawa ground lease located at 8221 Alexandria Pike in Alexandria, Kentucky (“the Property”). The new construction gas station and convenience store has a 20-year Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for a 5% rent increase in years 11 and 16 and at the start of all six of the five-year renewal options.
Strategically positioned along Alexandria Pike (US Route 27), Northern Kentucky’s primary commercial artery, the newly constructed Wawa occupies a highly visible corner location adjacent to the signalized intersection with Main Street. The Property benefits from exceptional exposure, multiple access points, and strong daily traffic generated by the surrounding mix of retail, dining, educational, and residential uses. Its location within Alexandria’s established commercial corridor provides direct access to a substantial and growing consumer base. In addition, the Property is conveniently connected to KY Routes 9, 10, 536, 547, and 915, offering seamless access throughout Campbell County and the greater Northern Kentucky region. Located approximately 15 miles from Downtown Cincinnati, the Property is well positioned to capitalize on both local and regional traffic patterns.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,300 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,551,402
Price Per SF
$563.71
Cap Rate
5.35%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.72 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Wawa
  • Retailer
  • -
  • -
  • Triple Net
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Wawa Retailer - - Triple Net -
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
999-99-26-066.00
Land Assessment
$1,034,000
Improvements Assessment
$0
Total Assessment
$1,034,000
  • Listing ID: 41364244

  • Date on Market: 7/20/2026

  • Last Updated:

  • Address: 8221 Alexandria Pike, Alexandria, KY 41001

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