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Wawa | Trophy Nashville Development 8033 Highway 100 5,915 SF Retail Building Nashville, TN 37221 $8,541,054 CAD ($1,443.97 CAD/SF) 4.65% Cap Rate
Investment Highlights
- Brand New 20-Year lease with Wawa | Absolute NNN ground lease – No landlord management obligations
- Situated on last available retail pad site across from Publix Supermarket at Harperth Village
- Positioned on U.S. Highway 100 - a primary retail and commuter thoroughfare serving Bellevue/Belle Meade with over 23,370±VPD
- Corporate guaranty from Wawa, Inc. – Investment grade credit with a Fitch rating of ‘BBB’
- Fixed 5% rental increases every 5 years (starting in year 11) and including options
- Large 2.53-acre parcel with 68 parking spaces
Executive Summary
CBRE is pleased to exclusively present a brand new 20-year absolute NNN ground lease with Wawa, one of the most highly sought after single tenant net lease tenants. The 5,915 SF building sits on a 2.53-acre parcel near a high traffic, signalized hard corner intersection in the Bellevue community of greater Nashville, TN with exceptional visibility and access. The new 20-year absolute NNN lease includes fixed rental increases throughout the term and provides truly hands off ownership with no landlord obligations.
Wawa demonstrates robust financial strength and an aggressive growth trajectory, underpinning the security of this investment. In 2023, the company reported a significant 22% increase in revenue, reaching $18.23 billion, and was recognized by Forbes as one of the largest private companies in the U.S. Further solidifying its market position, Wawa has unveiled plans for its most ambitious expansion in company history, with objectives to open as many as 700 new locations over the next five years, aiming for a total of 1,800 stores by 2030.
Wawa demonstrates robust financial strength and an aggressive growth trajectory, underpinning the security of this investment. In 2023, the company reported a significant 22% increase in revenue, reaching $18.23 billion, and was recognized by Forbes as one of the largest private companies in the U.S. Further solidifying its market position, Wawa has unveiled plans for its most ambitious expansion in company history, with objectives to open as many as 700 new locations over the next five years, aiming for a total of 1,800 stores by 2030.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
5,915 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$8,541,054 CAD
Price Per SF
$1,443.97 CAD
Cap Rate
4.65%
NOI
$397,159 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
7.14 AC
Parking
68 Spaces (11.5 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 156-00-0-033 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,818,892 CAD | Total Assessment | $1,818,892 CAD |
Property Taxes
Parcel Number
156-00-0-033
Land Assessment
$1,818,892 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,818,892 CAD
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Wawa | Trophy Nashville Development | 8033 Highway 100
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