393 W Tournament Trl - Freestanding FOR SALE


Westfield, IN 46074
$5,800,000 USD
949-506-2009
393 W Tournament Trl, Westfield, IN for Sale
$5,800,000 USD
Freestanding - FOR SALE
1/10
null | 5% Cap Rate

393 W Tournament Trl
Westfield, IN 46074


HIGHLIGHTS

  • Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
  • Absolute NNN Ground Lease | No Landlord Responsibilities | Land Ownership
  • Meijer Anchored Center | Strong Retail Corridor | 32 Jersey Project | Nearby Schools & Hospital
  • Signalized Hard Corner Intersection | Excellent Visibility | Multiple Points of Access
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• The lease is corporate 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 and at the beginning of each option period

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$959 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa | New 20yr Grd Lse | 2025 Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

2.25 AC

LAND SF

98,010 SF

ZONING

PUD

APN/PARCEL ID

29-05-35-000-029.105-015

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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