Daleville, 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 7% rental increases every 5 years starting in lease year 11 and at the beginning of each option period
• This is Indiana’s first Wawa location
• 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)
• Wawa was ranked No. 22 in Forbes 2024 Ranking of America’s Largers

• Located at the signalized, hard corner intersection of W Commerce Rd and County Rd 500
• Right Off I-69 (41,300 VPD), allowing users to benefit from on/off ramp access on both the North and South ramps to the site and surrounding trade areas
• 2025 construction which features high quality materials, distinct design elements, and high-level finishes
• Ideally situated on a larger 3.71 AC parcel, which benefits from significant frontage and multiple access points
• The site will benefit from the direct residential consumer base in Chesterfield and Anderson