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Wawa - Indianapolis (Greenfield) IN 5957 US 40 hwy 5,915 SF Retail Building Greenfield, IN 46140 $5,915,658 CAD ($1,000.11 CAD/SF) 5% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Scheduled Rental Increases | Options to Extend | Established Brand and C-Store Operator
- Signalized, Hard Corner Intersection | Brand New Construction |Wawa - Strong Earnings Report and Continued Growth
- Zero landlord obligations and reliable passive investment structure.
- Absolute NNN Ground Lease | Land Ownership No Landlord Responsibilities
- Local Demographics in 5-mile Trade Area
- Scheduled 7% rental increases every five years with six renewal options.
Executive Summary
This property presents a secure, long-term investment opportunity in the growing Greenfield, Indiana market. Newly constructed on 2.46 acres and positioned at a signalized hard corner along US Highway 40, the asset is fully leased to Wawa Inc., a nationally recognized convenience store and gas operator with more than 1,100 locations. The brand-new 20-year absolute NNN ground lease requires no landlord responsibilities, providing predictable and passive income for investors.
Wawa's lease is backed by an investment-grade corporate guarantee (Fitch: BBB) and demonstrates commitment with six additional 5-year extension options and 7% rental escalations every five years starting in year 11. With $210,000 in net operating income and a 5% cap rate, this offering ensures steady returns and long-term stability. Its high-visibility location benefits from traffic counts exceeding 45,000 vehicles daily and easy access to nearby retail and residential growth, making this asset a compelling addition to any net-leased portfolio.
Wawa's lease is backed by an investment-grade corporate guarantee (Fitch: BBB) and demonstrates commitment with six additional 5-year extension options and 7% rental escalations every five years starting in year 11. With $210,000 in net operating income and a 5% cap rate, this offering ensures steady returns and long-term stability. Its high-visibility location benefits from traffic counts exceeding 45,000 vehicles daily and easy access to nearby retail and residential growth, making this asset a compelling addition to any net-leased portfolio.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,915 SF
Building Class
C
Year Built
2025
Price
$5,915,658 CAD
Price Per SF
$1,000.11 CAD
Cap Rate
5%
NOI
$295,783 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.46 AC
Zoning
Commmercial - Commercial
Parking
80 Spaces (13.52 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
- Monument Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Contacts
-
Patrick Nutt -
William Wamble -
Philip Wellde -
Ben Keefe -
SRS Real Estate Partners
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Wawa - Indianapolis (Greenfield) IN | 5957 US 40 hwy
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