11 N Creasy Ln Lafayette, IN 47905

Listing agency SRS Real Estate Partners Newport Beach

Listed by Philip Wellde · License #FL SL3430880

Source Crexi

Added: Apr 24 Updated: Jul 22 at 4:50AM Checked: Jul 22 at 4:50AM

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Investment Insights

Based on property information with market context.

This single-tenant absolute NNN ground lease property is operated by Wawa Midwest, LLC. The site is newly constructed (2026) and is configured as a 5,200 SF facility on 1.82 acres. The lease includes 10% rent bumps every five years.

The property is located in Lafayette, Indiana, and is described as being home to Purdue University, which the remarks cite as having a student population of 58,000. Wawa Midwest, LLC is the named tenant.

The offering is presented as an NNN ground lease with net operating income of $200,000 and a 4.75% cap rate. The remarks also note a corporate guaranty by Wawa, Inc., with a Fitch rating of BBB.

Key Highlights

• Single‑tenant absolute NNN ground lease property operated by Wawa Midwest, LLC
• Tenant is Wawa Midwest, LLC; corporate guaranty by Wawa, Inc. (Fitch rating: BBB)
• 5,200 SF newly constructed property on 1.82 acres in Lafayette, Indiana (constructed in 2026)

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FAQs

What type of property is this?

NNN property - Absolute NNN ground lease operated by Wawa Midwest, LLC on a newly constructed site in Lafayette, Indiana.

Where is this nnn property located?

The property is located at 11 N Creasy Ln Lafayette, IN.

What are key features of this property?

This property features: Single‑tenant absolute NNN ground lease property operated by Wawa Midwest, LLC; Tenant is Wawa Midwest, LLC; corporate guaranty by Wawa, Inc. (Fitch rating: BBB); 5,200 SF newly constructed property on 1.82 acres in Lafayette, Indiana (constructed in 2026)