Jared - Toledo, OH
5011 Monroe Street, Toledo, OH, 43623, US
R 34,157,000 | 484 m²
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the brand-new construction Wawa located at 3501 Tylersville Road in Fairfield, Ohio ("Property" or "Asset"). Wawa will operate on a 20-year absolute NNN ground lease with 7.0% rent escalations every 5-years starting in the 10th lease year and continuing throughout all six, five-year renewal options. The Asset is the 2nd Wawa to open in the state of Ohio and is part of Wawa’s expansion plan to open 160 stores across the Midwest in 2025.
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Attributes
Asking price
R 84,939,000
Cap rate
5.1%
NOI
R 4,330,000
WAULT
20 years
Building area net
511 m²
Year built
2025
Land area gross
0.89 ha
Media
Investment Highlights
- Brand new 20.0-year absolute NNN ground lease with zero landlord responsibilities
- 2nd Wawa location in the state of Ohio
- Wawa is the 3rd largest privately owned convenience and gas chain in the U.S.
- Signalized intersection with direct visibility to 36,000 vehicles per day
- Adjacent to top performing shopping centers with 10.8 million visits annually
- Dense residential corridor with more than 1,000+ units adjacent to property
- Nearby Butler County Regional Airport and TriHealth Bethesda Butler Hospital
Contact brokers
Wawa - Fairfield OH (0 Properties)
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Last updated
29 May 2025
