5308 Fields Ertel Rd - Service Station FOR SALE


Cincinnati, OH 45249
$4,311,000 USD
954-302-7365
5308 Fields Ertel Rd, Cincinnati, OH for Sale
$4,311,000 USD
Service Station - FOR SALE
1/9
null | 5% Cap Rate

5308 Fields Ertel Rd
Cincinnati, OH 45249


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Rental Increases | Wawa - Strong Earnings Report and Continued Growth
  • Absolute NNN Ground Lease | Land Ownership No Landlord Responsibilities
  • Signalized Hard Corner Intersection | Right Off I-71 (104,300 VPD) | Kings Automall (14 Dealerships & 6,000 Cars)
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• The lease is 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 • The ground lease features 7% rental increases every 5 years starting in lease year 11 • Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies • Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS) • Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS) • 2025 construction with high quality materials and distinct design elements

FOR SALE DETAILS

PRICE

$4,311,000 USD

PRICE/SF

$684 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Cincinnati OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

B-RD

APN/PARCEL ID

16-32-475-006-0

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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