8033 Highway 100 - Service Station FOR SALE


Nashville, TN 37221
$6,238,581 USD
407-404-5000
8033 Highway 100, Nashville, TN for Sale
$6,238,581 USD
Service Station - FOR SALE
1/7
null | 4.65% Cap Rate

8033 Highway 100
Nashville, TN 37221


HIGHLIGHTS

  • Brand New 20-Year lease with Wawa | Absolute NNN ground lease – No landlord management obligations
  • Corporate guaranty from Wawa, Inc. – Investment grade credit with a Fitch rating of ‘BBB’
  • Situated on last available retail pad site across from Publix Supermarket at Harperth Village
  • Fixed 5% rental increases every 5 years (starting in year 11) and including options
  • Positioned on U.S. Highway 100 - a primary retail and commuter thoroughfare serving Bellevue/Belle Meade with over 23,370±VPD
  • Large 2.53-acre parcel with 68 parking spaces

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,238,581 USD

PRICE/SF

$1,055 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa | Trophy Nashville Development

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

7.14 AC

LAND SF

310,870 SF

ZONING

-

APN/PARCEL ID

156-00-0-033

ASK ABOUT THIS PROPERTY

407-404-5000

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407-404-5000

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