NNN Ground Lease Wawa
For Sale
Contact for pricing
1215 W McClain Ave, Scottsburg, IN 47170
New construction Wawa NNN ground lease with 20-year term.
Property Size5,514 SF
Lot Size1.70 Acres
Price / SF$816.10
Days on Market139
Property Features for 1215 W McClain Ave
General Information
Standard status
Active
Size
5,514 SF
Class
A
Total Parking Spaces
46
Lot size
1.70 Acres
Property subtype
Retail
Zoning
General Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$225,000
Building Details
Year Built
2026
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
(703) 268-0854
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Mar 27
Changed: Aug 11
Last Checked: Aug 11 at 12:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47170, IN
14,877
Population
6,313
Households
2.4
Avg Household Size
41
Median Age
13%
College-Educated
83%
High-School Grad
146.3 sq mi
ZIP Area
102
Density / Sq Mi
$57,661
Median Household Income
$41,603
Median Earnings
$831
Median Rent
$148,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Save A Lot — 130 W McClain Ave, Scottsburg, IN 47170
Frequently Asked Questions
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 is the asking price?
The asking price for this property is $4,500,000.
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.**
