Convenience Store Ground
For Sale
Contact for pricing
Pending
11 N Creasy Ln, Lafayette, IN 47905
Absolute NNN ground lease operated by Wawa Midwest, LLC on a newly constructed site in Lafayette, Indiana.
Property Size5,200 SF
Lot Size1.82 Acres
Days on Market103
Property Features for 11 N Creasy Ln
General Information
Standard status
Pending
Size
5,200 SF
Lot size
1.82 Acres
Property subtype
Retail
Additional Details
Cap Rate
4.75%
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Philip Wellde · License #FL SL3430880
Source:
Crexi
Added: Apr 24
Changed: Jul 22
Last Checked: Aug 3 at 4:11PM
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 Newport Beach
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.
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)
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 47905, IN
41,787
Population
18,309
Households
2.3
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
120.4 sq mi
ZIP Area
347
Density / Sq Mi
$63,115
Median Household Income
$41,595
Median Earnings
$1,101
Median Rent
$215,500
Median Home Value
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Frequently Asked Questions
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)
