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1215 W Mcclain Ave Scottsburg, IN 47170

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New construction Wawa NNN ground lease with 20-year term.

Property size:
5,514 SF
Lot size:
1.70 Acres

Property Features for 1215 W Mcclain Ave

General Information

Standard status
Active
Zoning
General Commercial
Size
5,514 SF
Lot size
1.70 Acres

Building Details

Year built
2026

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Listing Contact
Patrick Nutt
Patrick Nutt
Source: Crexi

Listing Agency: SRS Real Estate Partners Tampa Listing Agent: Patrick Nutt

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

NNN Ground Lease Wawa Investment

This investment opportunity is located at 1215 W. McClain Avenue, Scottsburg, Indiana. It features a Single Tenant Absolute NNN ground lease with a new 20-year lease from Wawa, a convenience store and gas brand. Wawa generated $18.6 billion in revenue in 2024 and has over 1,100 locations. Constructed in 2026, the property includes a 5,514 square foot rentable area on a 1.70 acre land. The lease is guaranteed by Wawa Inc. The property has a cap rate of 5.00% and an annual net operating income of $225,000. The lease term is 20 years with 7% rental increases every 5 years and 6 (5-year) extension options.
Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

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Location Insight

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City
Scottsburg
County
Scott
State
Indiana
Longitude
-85.78497
Latitude
38.685187

FAQs

What type of property is this?
Grocery and convenience store - New construction Wawa NNN ground lease with 20-year term.
Where is this grocery and convenience store located?
The property is located at 1215 W Mcclain Ave Scottsburg, IN.
What are key features of this property?
This property features: - Brand new construction (built in 2026) with a 20-year absolute NNN ground lease.; - Lease guaranteed by Wawa Inc., a well-established convenience store and gas brand.; - **Annual net operating income of $225,000 with a 5.00% cap rate.**
More about this property
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