2137 Schillinger Rd N - Service Station FOR SALE


Semmes, AL 36575
$3,399,000 USD
415-690-5522
2137 Schillinger Rd N, Semmes, AL for Sale
$3,399,000 USD
Service Station - FOR SALE
1/7
null | 5.15% Cap Rate

2137 Schillinger Rd N
Semmes, AL 36575


HIGHLIGHTS

  • New 20-year absolute NNN ground lease to Wawa, a leading chain of convenience stores and fuel stations that is aggressively expanding its presence.
  • 5% rental increases every five (5) years starting in year 11, ensuring consistent income growth.
  • Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
  • Corporate-backed lease by Wawa, Inc., ranked #20 on the Forbes Largest Private Companies List, providing investor confidence in a proven brand.
  • Wawa plans to nearly double its store count by 2030 to approximately 1,800 locations

OVERVIEW

The property is located at a high-visibility, easily accessible signalized four-way intersection at Schillinger Road and Silver Pine Road, with combined traffic counts exceeding 24,000 AADT. Wawa continues to expand beyond its traditional East Coast footprint, with new locations opening across Georgia, Alabama, and the Carolinas, and plans to enter Tennessee and Kentucky in the coming years. The surrounding five-mile radius serves a population of 69,298, with average annual household income of $96,351 within one mile. The site is positioned directly across the street from a newly constructed Publix Supermarket, supporting strong crossover shopping traffic. The absolute NNN ground lease structure places all maintenance and expense responsibilities on the tenant, including roof, structure, and parking lot. Projected income growth within the one-, three-, and five-mile radii over the next five years positions both the Wawa location and the broader Semmes market for steady, concurrent growth.

FOR SALE DETAILS

PRICE

$3,399,000 USD

PRICE/SF

$575 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

2.56 AC

LAND SF

111,514 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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