Wawa Ground Lease
Single-Tenant Offerings
Wawa Ground Lease
3751 State Route 63
Lebanon (Cincinnati MSA), OH
- Price:
- $5,040,000
- Cap Rate:
- 5.00%
- NOI:
- $252,000
- Rentable SQFT:
- 6,372
- Year Built:
- 2026
- Lot Size:
- 1.899 +/- Acres
- Lease Type:
- Absolute NNN Ground Lease
- Status:
- Available
Investment Highlights
- 20-Year Absolute NNN Ground Lease with 7% Increases Every 5 Years Beginning in 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
- Brand New High-Quality Construction on Large 1.89-Acre Parcel
- Serving Over 66,000 Residents in Rapidly Growing Trade Area, 31 Miles Northeast of Downtown Cincinnati
- Surrounded by Residential Developments with Thousands of New Homes Under Construction, Warren County is One of the Fastest Growing Counites in Ohio
- Average Household Income Exceeds $148,000 in 3 Miles and $124,000 in 5 Miles
- Across from $2+ Billion Urban Master-Planned Community on 1,300 Acres with 4,500 Residences and 1 Million SF of Office, Retail, and Entertainment Space
- Directly Across from New 123,000 SF Kroger Marketplace Development with a New Fifth Third Bank, Wendy’s, and Many More
- 3 Miles to Cincinnati Premium Outlets with 3.6 Million Shoppers Annually
- Down the Street from Miami Valley Gaming Casino and Raceway with 3.6 Million Visitors/Year
- Minutes to New 124-Acre Warren County Sports Park with 1.4 Million Visitors/Year
- Close Proximity to $300 Million Kings Island (Six Flags) Amusement Park with 3.5 Million Visitors/Year
- Hard Corner Location at Busy Signalized Intersection with 27,700+ Cars/Day
- Just Off I-75 with 124,000 Cars Day, Centrally Located Between Dayton and Cincinnati
- Strong Daytime Population with 17,000 Employees in Primary Trade Area
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