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Wawa 7481 Montgomery Rd 6,372 SF 4-Star Retail Building Cincinnati, OH 45236 $6,989,053 CAD ($1,096.84 CAD/SF) 5.10% Cap Rate
INVESTMENT HIGHLIGHTS
- New Construction Ground Lease
- Dynamic Tenant
- Strategic Retail Location
- Attractive Rent Increases
- Zero Landlord Responsibilities
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Wawa ground lease located at 7481 Montgomery Road in Cincinnati, Ohio (“the Property”). The new construction gas station and convenience store has a 20-year Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for a 7% rent increase in year eleven and sixteen and at the start of all six of the five-year renewal options. Wawa is currently under construction with an anticipated rent commencement date of March 13, 2026. The new construction Wawa is extremely well located in Cincinnati’s Silverton neighborhood. Positioned at the signalized intersection of Stewart Road and Montgomery Road (US Route 22), the area’s primary commercial and commuter corridor, the Property enjoys outstanding frontage, visibility and access and is and is surrounded by densely populated residential neighborhoods and area schools. Wawa is close to national and local retailers and restaurants, Kenwood Square and Kenwood Towne Centre, all of which drive traffic to the area. The Property is 0.6 miles from Interstate 71 and 9 miles north of Downtown Cincinnati.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,372 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$6,989,053 CAD
Price Per SF
$1,096.84 CAD
Cap Rate
5.10%
NOI
$356,442 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.92 AC
Zoning
E
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Wawa
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Wawa | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $128,959 CAD | |
| Land Assessment | $154,097 CAD | Total Assessment | $283,056 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$154,097 CAD
Improvements Assessment
$128,959 CAD
Total Assessment
$283,056 CAD
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Wawa | 7481 Montgomery Rd
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