Cincinnati, OH - 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
• The ground lease features 7% rental increases every 5 years starting in lease year 11
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s largest private companies
• 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)
• 2025 construction with high quality materials and distinct design elements

• Located at the signalized, hard corner intersection of Fields Ertel Rd & Wilkens Blvd averaging a combined 36,400 VPD
• Directly off I-71 (104,300 VPD), allowing users to benefit from direct on/off ramp access to the site and surrounding Cincinnati trade areas
• Kings Automall is less than a mile East of the subject site and will be a major traffic driver to this location with 14 dealerships and 6,000 cars across 50+ acres
• Just West of Waterstone Center, which ranks in the 90th percentile (673 out of 7,196) of all nationwide community shopping centers with 4.7M visitors annually across 432,800 SF of GLA
• Across the street from Wellington Place apartments, providing a direct consumer base from which to draw

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Listing ID: a28TP000001jiCPYAY