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.