Wawa Ground Lease
Single-Tenant Offerings
Wawa Ground Lease
1000 Murfreesboro Rd.
Lebanon (Nashville MSA), TN
- Price:
- $6,842,000
- Cap Rate:
- 4.75%
- NOI:
- $325,000
- Rentable SQFT:
- 5,915 SF
- Year Built:
- 2026
- Lot Size:
- 3.96 +/- Acres
- Lease Type:
- Absolute NNN Ground Lease
- Status:
- Available
Investment Highlights
- New 20-Year NNN Ground Lease with 5% Increases Every 5 Years Beginning at Year 11
- Corporate Guaranty by Wawa, Inc. (“BBB” Investment-Grade Rating by Fitch)
- Wawa Operates 1,200+ Locations with $18.84 Billion in Revenue, Top 5 Fastest-Growing Companies in the U.S.
- Significant Capital Investment by Tenant, Average Cost to Build a Wawa is Approximately $7.5 Million
- Average Unit-Level Sales for Wawa Exceed $13 Million, Equates to a 2.5% Rent-to-Sales Ratio at This Location
- On Average Wawa Locations Make $520,000 in Estimated Earnings (EBITDA) Annually
- Brand New High-Quality Construction on Large 3.96-Acre Parcel
- 18,100+ New Homes Under Construction within 5 Miles, Lebanon Named 12th Fastest Growing City in the U.S.
- Outparcel to New Master-Planned Community on 45 Acres with 700+ Upscale Residential Units and Class-A Office, Retail, and Hotel Space
- 1.5 Miles to Barton Village, a $900 Million Development on 365 Acres with 1,945 Homes and 200,000 SF of Class-A Retail, Medical Office, and a Hotel
- Prime Location Off I-40 with 93,000+ Cars/Day, Direct Access to Downtown Nashville
- Surrounded by 12,500+ Students Attending Several K-12 Schools and Cumberland University
- Strong Daytime Population with 25,000 Employees in Primary Trade Area
- 20 Miles Nashville International Airport and 29 Miles to Downtown Nashville
- Tax-Free State, No State Income Tax in Tennessee
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