Lafayette, IN - Wawa

Description:

• The lease is corporate 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 10% rental increases every 5 years of the initial term and at the beginning of each option period, demonstrating their commitment to the site

• Wawa is near Lafayette Pavilions (423K+ SF), Sagamore at 26 (247K+ SF), Lafayette Marketplace (329K+ SF), and Tippecanoe Mall (830K+ SF)
• The nearby national/credit tenants include Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, Home Depot, Target, Hobby Lobby, TJ Maxx, and others
• Strong tenant synergy significantly increases the consumer draw to the immediate trade area and promotes crossover store exposure for the site
• Wawa merchandise sales per store averaged $7.1M for the year ended 2024 versus an industry average of $2.7M for 2023 (Source: NACS)
• Gasoline sales totaled 3.1 billion gallons for the year 2024, an average of 69,042 gallons sold a week per store, over two times the industry average of 32,726 per store per week in 2023 (Source: NACS)

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Listing ID: a28TP000001ryS5YAI