1000 Murfreesboro Rd - Retail FOR SALE
Lebanon, TN 37090 |
$6,842,000 USD
858-373-3174
1000 Murfreesboro Rd
Lebanon, TN 37090
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
FOR SALE DETAILS
PRICE
$6,842,000 USD
PRICE/SF
$1,157 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Wawa Ground Lease
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Freestanding, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
095081 08708
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858-373-3174
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858-373-3174
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