Greenfield, IN - Wawa

Description:

• 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

• Located at the signalized, hard corner intersection of US-40 and 600 W averaging a combined 45,200 VPD
• US-40 is the main East/West corridor serving Indianapolis and leads directly into downtown
• 2025 construction with high quality materials and distinct design elements
• The Speedway across the street ranks in the 70th percentile nationwide according to Placer.ai
• There is limited/no competition for Wawa in the immediate area, providing long-term viability and success at this location
• 600W is a direct connector to I-70
• 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)