3791 State Route 63 - Convenience Store FOR SALE
Lebanon, OH 45036 |
$5,040,000 USD
858-373-3174
3791 State Route 63
Lebanon, OH 45036
HIGHLIGHTS
- 20-Year Absolute NNN Ground Lease with 7% Increases Every 5 Years Beginning in Year 11
- Corporate Guaranty by Wawa, Inc. (“BBB” Investment-Grade Rating by Fitch)
- Wawa Operates 1,200+ Locations with $18.84 Billion in Revenue, Top 5 Fastest-Growing Companies in the U.S.
- Significant Capital Investment by Tenant, Average Cost to Build a Wawa is Approximately $7.5 Million
- Brand New High-Quality Construction on Large 1.89-Acre Parcel
- Serving Over 66,000 Residents in Rapidly Growing Trade Area, 31 Miles Northeast of Downtown Cincinnati
FOR SALE DETAILS
PRICE
$5,040,000 USD
PRICE/SF
$791 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Wawa Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
8.78 AC
LAND SF
382,457 SF
ZONING
R3
APN/PARCEL ID
12-29-100-003
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858-373-3174
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858-373-3174
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