Auto Service - Gas-Conv
Wawa | Pad to New Master-Planned Development | 20-Year NNN Ground Lease
1000 Murfreesboro Rd, Lebanon (Nashville MSA), TN 37090
Listing Price: $6,842,000
Cap Rate
4.75%
Tenant Name
Wawa
Years Remaining On Lease
19.1
Guarantor
Corporate Guarantee
Rentable SF
5,915
Lease Type
Absolute Net
Rent Per Square Feet
$54.95
Investment Overview
Marcus & Millichap is pleased to present the Wawa Ground Lease in Lebanon (Nashville MSA), TN.
Wawa | Pad to New Master-Planned Development | 20-Year NNN Ground Lease
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.
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
Auto Service - Gas-Conv
Wawa | Pad to New Master-Planned Development | 20-Year NNN Ground Lease
Listing Price: $6,842,000
Cap Rate
4.75%
Tenant Name
Wawa
Years Remaining On Lease
19.1
Guarantor
Corporate Guarantee
Rentable SF
5,915
Lease Type
Absolute Net
Rent Per Square Feet
$54.95
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.
Investment Overview
Marcus & Millichap is pleased to present the Wawa Ground Lease in Lebanon (Nashville MSA), TN.
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
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