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Wawa NNN Property

2327 Graves Road, Hebron, KY 41048

For Sale
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Brand-new property with an absolute NNN ground lease, fixed increases, and no landlord management obligations.

Property Size5,919 SF
Price / SF$822.77
Days on Market97

Property Features for 2327 Graves Road

General Information

Standard status Active
Size 5,919 SF
Total Parking Spaces 67
Property subtype Retail
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $238,821

Building Details

Year Built 2025
Buildings 1
Tenancy Single
Listing Agency: Katz & Associates
Listed By: Michael Zimmerman · License NC #282596
Source: Crexi
Added: Aug 5 Changed: Nov 3 Last Checked: Nov 8 at 8:17AM

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 Katz & Associates

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Investment Insights

Based on property information with market context.

This 2025 property is subject to a brand-new 20-year absolute NNN ground lease with Wawa as the tenant. The lease includes scheduled rental increases throughout the full term, including option periods, and places no landlord management obligations on the owner under its absolute NNN structure.

The property is located at 2327 Graves Road in Hebron, Kentucky, at a signalized hard corner. The site is associated with a long-term single-tenant lease structure and a nationally recognized convenience and grocery operator.

Key Highlights

  • Brand‑new 20‑year absolute NNN ground lease
  • Wawa is the named tenant
  • Fixed rental increases continue throughout the entire term, including options

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop Spa & Massage Center HVAC Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

39
Businesses Nearby

Demographics for 41048, KY

16,523
Population
5,562
Households
3
Avg Household Size
35
Median Age
43%
College-Educated
95%
High-School Grad
33.5 sq mi
ZIP Area
493
Density / Sq Mi
$129,354
Median Household Income
$60,009
Median Earnings
$1,350
Median Rent
$306,800
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
NNN property - Brand-new property with an absolute NNN ground lease, fixed increases, and no landlord management obligations.
Where is this nnn property located?
The property is located at 2327 Graves Road Hebron, KY.
What is the asking price?
The asking price for this property is $4,870,000.
What are key features of this property?
This property features: Brand‑new 20‑year absolute NNN ground lease; Wawa is the named tenant; Fixed rental increases continue throughout the entire term, including options
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