5957 US 40 hwy - Convenience Store FOR SALE


Greenfield, IN 46140
$4,200,000 USD
954-302-7365
5957 US 40 hwy, Greenfield, IN for Sale
$4,200,000 USD
Convenience Store - FOR SALE
1/10
null | 5% Cap Rate

5957 US 40 hwy
Greenfield, IN 46140


HIGHLIGHTS

  • Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
  • Absolute NNN Ground Lease | Land Ownership No Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Brand New Construction |Wawa - Strong Earnings Report and Continued Growth
  • Local Demographics in 5-mile Trade Area
  • Zero landlord obligations and reliable passive investment structure.
  • Scheduled 7% rental increases every five years with six renewal options.

OVERVIEW

This property presents a secure, long-term investment opportunity in the growing Greenfield, Indiana market. Newly constructed on 2.46 acres and positioned at a signalized hard corner along US Highway 40, the asset is fully leased to Wawa Inc., a nationally recognized convenience store and gas operator with more than 1,100 locations. The brand-new 20-year absolute NNN ground lease requires no landlord responsibilities, providing predictable and passive income for investors. Wawa's lease is backed by an investment-grade corporate guarantee (Fitch: BBB) and demonstrates commitment with six additional 5-year extension options and 7% rental escalations every five years starting in year 11. With $210,000 in net operating income and a 5% cap rate, this offering ensures steady returns and long-term stability. Its high-visibility location benefits from traffic counts exceeding 45,000 vehicles daily and easy access to nearby retail and residential growth, making this asset a compelling addition to any net-leased portfolio.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$710 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa - Indianapolis (Greenfield) IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

2.46 AC

LAND SF

107,158 SF

ZONING

Commmercial

APN/PARCEL ID

30-10-06-200-041.000-012

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.