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Wawa Ground Lease
3751 OH-63, Lebanon (Cincinnati MSA), OH 45036
Listing Price: $5,040,000
Cap Rate
5.00%
Tenant Name
Wawa
Years Remaining On Lease
20.3
Guarantor
Corporate Guarantee
Rentable SF
6,372
Lease Type
Absolute Net
Rent Per Square Feet
$39.55
Investment Overview
Marcus & Millichap is pleased to present the Wawa Ground Lease in Lebanon, OH.
Wawa Ground Lease
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
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
Listing Price: $5,040,000
Cap Rate
5.00%
Tenant Name
Wawa
Years Remaining On Lease
20.3
Guarantor
Corporate Guarantee
Rentable SF
6,372
Lease Type
Absolute Net
Rent Per Square Feet
$39.55
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
Investment Overview
Marcus & Millichap is pleased to present the Wawa Ground Lease in Lebanon, OH.
Exclusively Listed By
Broker of Record
-
Michael L. Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
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