2327 Graves Rd - Convenience Store FOR SALE


Hebron, KY 41048
$4,870,000 USD
954-290-6366
2327 Graves Rd, Hebron, KY for Sale
$4,870,000 USD
Convenience Store - FOR SALE
1/4
null | 4.9% Cap Rate

2327 Graves Rd
Hebron, KY 41048


HIGHLIGHTS

  • Brand new 20-year absolute NNN ground lease offering stable, passive income with no landlord duties.
  • Corporate-guaranteed lease by Wawa, an investment-grade operator with accelerating national expansion.
  • Hard-corner signalized location providing strong visibility, access, and sustained consumer traffic.
  • High-growth submarket supported by affluent households and ongoing residential development.
  • Fixed rental escalations throughout the base term and option periods supporting long-term yield growth.
  • No existing debt, allowing flexibility for cash or financed acquisition strategies.

OVERVIEW

This brand new, 20-year absolute NNN ground lease with Wawa presents a rare opportunity to acquire a top-tier single-tenant asset backed by an investment-grade corporate guaranty. Located at the signalized hard corner of Graves Road and Williams Road in Hebron, KY, the property benefits from exceptional visibility, strong traffic patterns, and seamless access for both local and regional consumers. Wawa continues to be one of the nation’s most coveted convenience and fuel operators, now ranking as the 20th largest private company in the United States following a 22 percent revenue increase in 2023. Their aggressive expansion strategy, calling for up to 280 new stores over the next decade, underscores the long-term viability and demand for the brand. The lease structure offers investors maximum stability through a true absolute NNN ground lease with zero landlord responsibilities, flat rent for the first ten years, and a scheduled five percent increase at year 10, followed by additional fixed bumps during each of the six five-year option periods. With no existing financing in place, buyers may acquire the asset all-cash or finance at their discretion. The parcel spans approximately 2.7 acres and is positioned within a thriving corridor supported by growing residential communities, high household incomes, and proximity to the Cincinnati/Northern Kentucky International Airport. Hebron has experienced consistent population and residential growth driven by its position as a logistics, employment, and suburban housing hub for the broader Cincinnati metro. Nearby master-planned communities, luxury estate neighborhoods, and new housing developments further support long-term retail demand. This offering delivers an exceptional blend of tenant strength, long-term cash flow durability, and a prime Northern Kentucky location poised for continued expansion.

FOR SALE DETAILS

PRICE

$4,870,000 USD

PRICE/SF

$823 USD /SF

CAP RATE

4.9%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.97 AC

LAND SF

85,684 SF

ZONING

-

APN/PARCEL ID

035.00-00-057.00

ASK ABOUT THIS PROPERTY

Michael ZimmermanKatz & AssociatesMore Info
954-290-6366

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Michael ZimmermanKatz & AssociatesMore Info
954-290-6366

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