Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1215 W Mcclain Ave Scottsburg, IN 47170

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    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

    We can help!

    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.

    Learn more

    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.

    Similar Places Nearby

    Save A Lot

    Location Insight

    • Map
    • Local Demand
    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.78497
    Latitude
    38.685187

    Nearby Similar for Sale

    • $249,000

      Commercial Building on Highway 31

      3,000 sq ft commercial building with highway frontage.
      841 S Gardner St, Scottsburg, IN 47170
      View Details
    • $1,600,000
      7,357 SF

      Versatile Warehouse on 4.49 Acres

      Commercial warehouse on 4.49 acres, ideal for various business uses.
      677 S Cardinal Ln, Scottsburg, IN 47170
      View Details
    • $99,000
      Pending

      Versatile Warehouse in Scottsburg, IN

      Spacious warehouse zoned for business and residential use.
      1519 Burton Dr, Scottsburg, IN 47170
      View Details
    • $995,000
      9,180 SF

      Scottsburg Retail Building For Sale

      High-visibility retail building in Scottsburg, Indiana, available for sale.
      395 N Gardner St, Scottsburg, IN 47170
      View Details
    • $895,000
      4,531 SF

      Renovated Apartment Complex Investment Opportunity

      Fully leased, renovated 10-unit apartment complex in Scottsburg, Indiana.
      513 N Gardner St, Scottsburg, IN 47170
      View Details
    • $510,000
      3,700 SF

      Scottsburg Office Building - Great Investment!

      Two-unit office building, prime location, ample parking.
      969 Mcclain Ave, Scottsburg, IN 47170
      View Details
    • Contact for pricing
      4,837 SF

      Custom Farmhouse on Wooded Acres

      Secluded 7-bedroom farmhouse on 5 acres near Scott County Airport.
      546 W Leota Rd, Scottsburg, IN 47170
      View Details
    • Contact for pricing
      2,208 SF

      Custom Home with Lake View

      Custom home on 52 acres with lake, pond, barns.
      2202 S Double Or Nothing Rd, Scottsburg, IN 47170
      View Details
    • $750,000
      1.54 Acres

      Scottsburg Office & Car Wash Complex

      Multi-use property, lake views, I-65 access
      756 Lakeshore Dr, Scottsburg, IN 47170
      View Details
    • Contact for pricing
      1,565 SF

      Private Lakefront Ranch on 21 Acres

      Charming 3-bedroom ranch with private lake and 21 acres.
      1110 W Helton Rd, Scottsburg, IN 47170
      View Details
    • $99,000

      Spacious Scottsburg Warehouse with Loft

      Versatile warehouse with potential for business and residential use.
      1519 Burton Dr, Scottsburg, IN
      View Details
    • Contact for pricing
      1,599 SF

      Scottsburg Home with Barn

      1,600 sq ft home, barn, outbuildings near Highway 56.
      7341 N Franklin Bottoms Rd, Scottsburg, IN 47170
      View Details

    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.**
    Request Owner's contact information
    1215 W Mcclain Ave Scottsburg, IN 47170
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1215 W Mcclain Ave
    Scottsburg, IN 47170
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 W Mcclain Ave Scottsburg, IN 47170
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Patrick Nutt
    Patrick Nutt
    Real Estate License ID: BK3120739
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!