370 Glensprings Drive, Cincinnati, OH, 45246, US

Wawa - Springdale, OH

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Wawa at 370 Glensprings Drive in Springdale, Ohio (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease with 20.0 years of primary lease term, 5.0% rent escalations every 5 years and six, five-year options. Wawa is #21 on Forbes’ list of 2025 Largest Privately Held Companies, and the largest private company in PA. This site is Wawa’s 5^th location in Ohio, and 1^st in Hamilton County.

OH Broker of Record: Jon Vanderplough - OH License #: SAL.2005015674

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Attributes

Asking price

₩6,465,274,000

Cap rate

5.1%

NOI

₩329,622,000

WAULT

20 years

Building area net

550 m²

Year built

2025

Land area gross

1.62 ha

Media

Investment Highlights

Brand new 20.0-year absolute NNN ground lease with zero landlord responsibilities
5^th Wawa location in Ohio in growing Cincinnati suburb
Large 4.0-acre parcel off I-275/I-5 interchange with 177,000+ VPD
Nearby Amazon Fulfilment Center ranks as the #10 most visited industrial center in OH
Adjacent to Tri-County Retail District undergoing a major mixed-use redevelopment
147,000 residents within 5-mile radius earning $106,000 in AHHI
Corporate backed lease to the #21 largest private company in the U.S.