CBRE is pleased to exclusively present a brand new 20-year absolute NNN ground lease with Wawa, one of the most highly sought after single tenant net lease tenants. The 5,915 SF building sits on a 2.53-acre parcel near a high traffic, signalized hard corner intersection in the Bellevue community of greater Nashville, TN with exceptional visibility and access. The new 20-year absolute NNN lease includes fixed rental increases throughout the term and provides truly hands off ownership with no landlord obligations.
Wawa demonstrates robust financial strength and an aggressive growth trajectory, underpinning the security of this investment. In 2023, the company reported a significant 22% increase in revenue, reaching $18.23 billion, and was recognized by Forbes as one of the largest private companies in the U.S. Further solidifying its market position, Wawa has unveiled plans for its most ambitious expansion in company history, with objectives to open as many as 700 new locations over the next five years, aiming for a total of 1,800 stores by 2030.