Wawa

  • $4,315,384

Overview

  • Wawa
    Tenant(s)
  • $4,315,384
    Price
  • 5.25%
    CAP Rate
  • $226,566
    Net Operating Income (NOI)
  • 20 Years
    Lease Term
  • 5% Every 5 Years Starting in Year 11
    Increases
  • January 2026
    Rent Commencement
  • Abs. NNN Ground Lease
    Lease Type
  • January 2041
    Lease Expiration
  • 6 x 5 Yr
    Options
  • 5,915 SF
    Building Size (SF)
  • 2026
    Year Built
  • 2.98
    Land Size (AC)
  • Corporate
    Guaranty

Description

EXECUTIVE SUMMARY

STONECLIFF is pleased to present the exclusive listing for a Wawa located at 447 Oakbrooke Drive, Mt. Washington, KY 40047. The site consists of approximately 5,915 rentable square feet of retail space situated on an estimated 3.0-acre parcel of land.

This Wawa is subject to a 20-year Absolute Triple Net (NNN) ground lease, providing zero landlord responsibilities. The lease generates $226,566 in annual rent and features 5% rent increases every five years beginning in Year 11, extending throughout the option periods, offering investors long-term, predictable income growth backed by a nationally recognized convenience retailer.


INVESTMENT HIGHLIGHTS

    • Brand-New Absolute NNN Ground Lease Newly constructed Wawa secured by a 20-year absolute NNN ground lease with zero landlord responsibilities and 5% rental increases every five years beginning in Year 11.

    • Heavily Trafficked, High-Visibility Location The subject property is located at a signalized intersection fronting Mt. Washington Bypass / US-150 (23,430 VPD), providing excellent visibility, strong drive-by exposure, and convenient ingress and egress for both local and commuter traffic.

    • High-Growth Louisville MSA Submarket Mt. Washington is one of the fastest-growing communities within the Louisville MSA, supported by ongoing residential development and increasing consumer demand for convenience retail, fuel, and daily-needs services.

    • Established Retail Corridor with Strong Co-Tenancy The property is situated within a dense retail corridor surrounded by national brands including Kroger, Burger King, Dunkin’, Dollar Tree, and Goodwill, reinforcing steady traffic patterns and long-term investment durability.

    • Proximity to Major Employment and Transportation Nodes Located less than 25 miles south of Downtown Louisville and approximately 15 miles from Louisville International Airport, the site benefits from strong regional connectivity and commuter demand.

Property Documents

Wawa_KY_Mt.Washington (1)

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