Wawa Gas
New
For Sale
$5,783,000
170 W Sam Ridley Pkwy, Smyrna, TN 37167
A 20-year absolute NNN ground lease includes six five-year renewal options.
Property Size5,915 SF
Price / SF$977.68
Days on Market2
Property Features for 170 W Sam Ridley Pkwy
General Information
Standard status
Active
Size
5,915 SF
Property subtype
Auto Service - Gas-Conv
Site & Location
Traffic Count
47,085 vehicles/day
Highway Access
Yes
Road Access
Yes
Automotive
Automotive Uses
fuel station
Convenience Store
Yes
Fuel Brand
Wawa
Tenancy & Operations
Tenant in Place
Yes
In-Place Lease Type
Absolute NNN
Current Tenants
Wawa, Inc.
Real Estate Included
Yes
Additional Details
Cap Rate
5%
Amenities
AFFLUENT NASHVILLE SUBURB
POSITIONED AT A SIGNALIZED INTERSECTION (47K+ VPD) | INTERSTATE LOCATION (157K+ VPD)
SEWART'S LANDING | $400 MILLION MIXED-USE DEVELOPMENT
20 YEAR ABSOLUTE NNN GROUND LEASE WITH RENTAL INCREASES
INVESTMENT GRADE (FITCH: BBB) NATIONAL CONVENIENCE STORE WITH 1,260 LOCATIONS
Building Details
Building Size
5,915 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Don McMinn · License #License(s): GA: 292036
(678) 808-2762
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 4 at 2:25PM
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 Marcus & Millichap - Atlanta
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Investment Insights
Based on property information with market context.
The 5,915-square-foot Wawa gas station is under construction at 170 W Sam Ridley Pkwy in Smyrna, with an opening scheduled for February 2027. The absolute NNN ground lease has a 20-year initial term and six five-year renewal options. Rent increases are scheduled at 5% beginning in year 11 and every five years thereafter. The tenant covers maintenance, repairs, replacements and property taxes, subject to lease exceptions.
The site is within Sewart’s Landing, an approximately 44-acre mixed-use development planned to include retail, office and medical space, multifamily housing, and hotel rooms. The development’s named tenants include Sprouts Farmers Market, Jonathan’s Grille, City Barbeque, Brew Yall and Bank OZK. Sam Ridley Parkway carries approximately 47,085 vehicles per day, and Interstate 24 carries approximately 157,162 vehicles per day near the interchange. Access to I-24 is via Sam Ridley Parkway.
The site is within Sewart’s Landing, an approximately 44-acre mixed-use development planned to include retail, office and medical space, multifamily housing, and hotel rooms. The development’s named tenants include Sprouts Farmers Market, Jonathan’s Grille, City Barbeque, Brew Yall and Bank OZK. Sam Ridley Parkway carries approximately 47,085 vehicles per day, and Interstate 24 carries approximately 157,162 vehicles per day near the interchange. Access to I-24 is via Sam Ridley Parkway.
Key Highlights
- 5,915‑square‑foot Wawa gas station
- 20‑year initial absolute NNN ground lease with six five‑year renewal options
- 5% rent increases start in year 11 and recur every five years thereafter
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
47,085 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 9%
Electronics 5%
Thorntons
Shops & Services
22,569 visits/mo
0.3 miles
Dollar General
Shops & Services
8,936 visits/mo
0.2 miles
Fat Mo's
Dining
3,575 visits/mo
0.3 miles
Citgo
Shops & Services
3,056 visits/mo
0.5 miles
Cricket Wireless Authorized Retailer
Electronics
1,996 visits/mo
0.3 miles
Demographics for 37167, TN
61,731
Population
23,694
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
55.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$79,720
Median Household Income
$42,705
Median Earnings
$1,359
Median Rent
$330,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - A 20-year absolute NNN ground lease includes six five-year renewal options.
Where is this gas station located?
The property is located at 170 W Sam Ridley Pkwy Smyrna, TN.
What is the asking price?
The asking price for this property is $5,783,000.
What are key features of this property?
This property features: 5,915‑square‑foot Wawa gas station; 20‑year initial absolute NNN ground lease with six five‑year renewal options; 5% rent increases start in year 11 and recur every five years thereafter
