11 Creasy ln - Convenience Store FOR SALE


Lafayette, IN 47905
$4,211,000 USD
954-302-7365
11 Creasy ln, Lafayette, IN for Sale
$4,211,000 USD
Convenience Store - FOR SALE
1/11
null | 4.75% Cap Rate

11 Creasy ln
Lafayette, IN 47905


HIGHLIGHTS

  • Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
  • Absolute NNN Ground Lease | No Landlord Responsibilities | Land Ownership
  • Strong Trade Area | Major Nearby Shopping Centers | Strong National/Credit Tenant Presence
  • Located Along South Street | Centralized Location | Excellent Visibility and Access
  • Direct Residential Consumer Base | Demographics within 5-Miles

OVERVIEW

• The lease is corporate guaranteed by Wawa, Inc., an investment grade (Fitch: BBB), nationally recognized, and an established convenience store and gas brand with over 1,100+ locations • Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site • The ground lease features 10% rental increases every 5 years of the initial term and at the beginning of each option period, demonstrating their commitment to the site

FOR SALE DETAILS

PRICE

$4,211,000 USD

PRICE/SF

$810 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Lafayette IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

Commercial

APN/PARCEL ID

79-07-23-453-001.000-004

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.