Wawa NNN Convenience
For Sale
Contact for pricing
501 BELLBACK RD, Bedford, IN 47421
Brand-new convenience and fueling operation at Highway 37 and Gillen Post Road under a long-term ground lease.
Property Size6,372 SF
Price / SF$700.43
Days on Market9
Property Features for 501 BELLBACK RD
General Information
Standard status
Active
Size
6,372 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$212,000
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Stories
2
Units
1
Tenancy
Single
Listing Agency:
SURMOUNT
(786) 522-7017
Listed By:
Gabriel Britti · License #FL SL3211804
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 1:42PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This brand-new Wawa property combines a convenience store with a gas station at the southeast corner of Highway 37 and Gillen Post Road in Bedford, Indiana. The asset was built in 2026 and is operated under a 20-year NNN ground lease, with 10% rent increases every five years beginning in September 2026.
Highway 37 is a multi-lane divided route connecting Bedford with Bloomington, Mitchell, and Orleans. The site serves as an access point to southern Indiana destinations, including Spring Mill State Park and Lake Monroe. General Motors’ Bedford Powertrain Plant is within a 5-minute drive; the facility encompasses 1 million SF on 155 acres. Spring Mill State Park reports an average of 750,000 visitors annually, while Lake Monroe averages 1.5 million annual visitors.
Highway 37 is a multi-lane divided route connecting Bedford with Bloomington, Mitchell, and Orleans. The site serves as an access point to southern Indiana destinations, including Spring Mill State Park and Lake Monroe. General Motors’ Bedford Powertrain Plant is within a 5-minute drive; the facility encompasses 1 million SF on 155 acres. Spring Mill State Park reports an average of 750,000 visitors annually, while Lake Monroe averages 1.5 million annual visitors.
Key Highlights
- Brand‑new Wawa convenience store and gas station
- 20 Year NNN Ground Lease
- 10% rent increases every 5 years commencing in September 2026
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
289k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 27%
Shops & Services 18%
Apparel 15%
Dining 15%
Walmart
Superstores
77,401 visits/mo
0.4 miles
Rural King
Home Improvements & Furnishings
32,076 visits/mo
0.5 miles
Ollie's Bargain Outlet
Shops & Services
19,087 visits/mo
0.4 miles
Steak 'n Shake
Dining
19,045 visits/mo
0.3 miles
Dollar Tree
Shops & Services
16,825 visits/mo
0.4 miles
Demographics for 47421, IN
27,798
Population
13,112
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
184.4 sq mi
ZIP Area
151
Density / Sq Mi
$66,588
Median Household Income
$39,613
Median Earnings
$827
Median Rent
$165,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Brand-new convenience and fueling operation at Highway 37 and Gillen Post Road under a long-term ground lease.
Where is this nnn property located?
The property is located at 501 BELLBACK RD Bedford, IN.
What is the asking price?
The asking price for this property is $4,463,158.
What are key features of this property?
This property features: Brand‑new Wawa convenience store and gas station; 20 Year NNN Ground Lease; 10% rent increases every 5 years commencing in September 2026
