12408 Taylorsville Rd - Service Station FOR SALE


Louisville, KY 40299
$5,007,000 USD
949-221-1835
12408 Taylorsville Rd, Louisville, KY for Sale
$5,007,000 USD
Service Station - FOR SALE
1/4
null | 5% Cap Rate

12408 Taylorsville Rd
Louisville, KY 40299


HIGHLIGHTS

  • Investment Grade Credit (BBB: Fitch Rating) - Corporate Executed Ground Lease
  • Street Frontage Pad Location – Adjacent to Proposed New Publix Supermarket
  • Absolute Triple Net (NNN) Lease / No Landlord Responsibilities / Tenant Built & Paid For Their New Building & Common Area
  • Brand New 2026 Construction – Prototypical Store Layout / 16 Fuel Pumps With C-store
  • Long Term Lease - 20 Year Primary Term With 6-5 year Lease Options
  • Large Land Parcel – 2.60 Acres

OVERVIEW

KENTUCKY BROKER OF RECORD .... TRIO Commercial Property Group / Justin Baker / License No.204053 Faris Lee Investments and TRIO Commerical Property Group are pleased to present the unique opportunity to acquire a brand-new, corporate-guaranteed Wawa situated in Louisville, Kentucky within a Publix anchored shopping center. The property is secured by a recently executed 20-year primary lease term with Wawa, Inc., a premier investment-grade tenant with a BBB rating from Fitch. Wawa is a legendary, privately held company with a history spanning over 120 years and currently operates more than 1,100 locations across 14 states. Ranked #22 on the Forbes list of America’s Largest Private Companies, Wawa’s financial strength is formidable, with fiscal year 2024 annual revenues exceeding $21 billion. The company’s operational excellence is reflected in its performance metrics, which significantly lead the industry; Wawa averages $7.1 million in merchandise sales per store—nearly triple the national average—and fuel sales of 3.1 billion gallons annually, averaging 69,042 gallons per week per store, which is more than double the industry standard. The investment offers an exceptional degree of security and stability, featuring a 20-year primary term complemented by six, five-year renewal options that allow for a potential total lease term of 50 years. The absolute triple-net (NNN) lease structure ensures a completely passive ownership experience with zero landlord responsibilities. The tenant is responsible for the payment of all property taxes, insurance, and utilities, as well as the repair and maintenance of the entire premises, including the building, roof, parking lot, and landscaping. This “hands-off” management profile makes the asset a perfect selection for out-of-state or 1031-exchange investors seeking a reliable, long-term income stream. The property consists of brand-new construction utilizing Wawa’s latest prototypical store layout, which not only maximizes operational efficiency and sales volume but also eliminates the risk of deferred maintenance or near-term capital expenditures. Strategically positioned on a high-profile, 2.60-acre pad, the property is situated within a proposed shopping center anchored by a brand-new Publix Supermarket. This location creates a high-traffic “daily needs” synergy, as the presence of a top-tier grocer ensures a consistent flow of consumers to the immediate site. The asset benefits from excellent visibility and prominent frontage along Taylorsville Road (Hwy 155), a major artery leading directly into downtown Louisville that carries about 18,400 vehicles per day. Furthermore, its immediate proximity to the Interstate 265 interchange provides the site with regional accessibility and exposure to roughly 76,000 vehicles per day. This combination of investment-grade credit, a long-term passive lease, and prime real estate within a high-growth retail corridor makes this Wawa location one of the most sought-after single-tenant products currently available in the marketplace.

FOR SALE DETAILS

PRICE

$5,007,000 USD

PRICE/SF

$846 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Wawa / 20 YR ABS NNN Lease/$143,000 AHHI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

C1

APN/PARCEL ID

004602510000

ASK ABOUT THIS PROPERTY

Scott DeYoungFaris Lee InvestmentsMore Info
949-221-1835

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Scott DeYoungFaris Lee InvestmentsMore Info
949-221-1835

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