Wawa Pad To New Masterplanned Development 20Year Nnn… — Sale in Lebanon (Nashville Msa), TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Lebanon (Nashville Msa), TN 37090

Investment Figures

Cap rate
4.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the Wawa Ground Lease in Lebanon (Nashville MSA), TN. Investment Highlights: • New 20-Year NNN Ground Lease with 5% Increases Every 5 Years Beginning at Year 11 • Corporate Guaranty by Wawa, Inc. ("BBB" Investment-Grade Rating by Fitch) • Wawa Operates 1,200+ Locations with $18.84 Billion in Revenue, Top 5 Fastest-Growing Companies in the U.S. • Significant Capital Investment by Tenant, Average Cost to Build a Wawa is Approximately $7.5 Million • Average Unit-Level Sales for Wawa Exceed $13 Million, Equates to a 2.5% Rent-to-Sales Ratio at This Location • On Average Wawa Locations Make $520,000 in Estimated Earnings (EBITDA) Annually • Brand New High-Quality Construction on Large 3.96-Acre Parcel • 18,100+ New Homes Under Construction within 5 Miles, Lebanon Named 12th Fastest Growing City in the U.S.

Market Context

This retail in Lebanon (Nashville Msa), TN is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Lebanon (Nashville Msa), TN — view the full market.

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