8221 Alexandria Pike - Convenience Store FOR SALE


Alexandria, KY 41001
$3,551,402 USD
202-847-4200
8221 Alexandria Pike, Alexandria, KY for Sale
$3,551,402 USD
Convenience Store - FOR SALE
1/6
null | 5.35% Cap Rate

8221 Alexandria Pike
Alexandria, KY 41001


HIGHLIGHTS

  • New Construction Ground Lease
  • Attractive Rent Increases
  • Dynamic Tenant
  • Strategic Retail Location
  • Cincinnati MSA
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Wawa ground lease located at 8221 Alexandria Pike in Alexandria, Kentucky (“the Property”). The new construction gas station and convenience store has a 20-year Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for a 5% rent increase in years 11 and 16 and at the start of all six of the five-year renewal options. Strategically positioned along Alexandria Pike (US Route 27), Northern Kentucky’s primary commercial artery, the newly constructed Wawa occupies a highly visible corner location adjacent to the signalized intersection with Main Street. The Property benefits from exceptional exposure, multiple access points, and strong daily traffic generated by the surrounding mix of retail, dining, educational, and residential uses. Its location within Alexandria’s established commercial corridor provides direct access to a substantial and growing consumer base. In addition, the Property is conveniently connected to KY Routes 9, 10, 536, 547, and 915, offering seamless access throughout Campbell County and the greater Northern Kentucky region. Located approximately 15 miles from Downtown Cincinnati, the Property is well positioned to capitalize on both local and regional traffic patterns.

FOR SALE DETAILS

PRICE

$3,551,402 USD

PRICE/SF

$564 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

-

APN/PARCEL ID

999-99-26-066.00

ASK ABOUT THIS PROPERTY

Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

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Kyle DanielsonHorvath & TremblayMore Info
202-847-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.