1215 McClain Ave - Retail FOR SALE


Scottsburg, IN 47170
$4,500,000 USD
954-302-7365
1215 McClain Ave, Scottsburg, IN for Sale
$4,500,000 USD
Retail - FOR SALE
1/6
null | 5% Cap Rate

1215 McClain Ave
Scottsburg, IN 47170


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
  • Absolute NNN Ground Lease | Land Ownership No Landlord Responsibilities
  • Hard Corner Intersection | I-65 (37,100 VPD) | Dense Corridor |Wawa - Strong Earnings Report and Continued Growth
  • Strong Demographics in 10-mile Trade Area

OVERVIEW

• The lease is 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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period • Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies • New construction with high quality materials and distinct design elements

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$756 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Scottsburg IN

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

GC

APN/PARCEL ID

72-05-19-300-022.000-008,72-05-19-300-023.000-008

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.