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
1/11

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

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, demonstrating their long-term commitment to the site • The ground lease features 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period • Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largers private companies

FOR SALE DETAILS

PRICE

$4,200,000 USD

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

Convenience Store, 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 Policy.