Wawa NNN Convenience
For Sale
Contact for pricing
5980 W MEMORY LN, Greenfield, IN 46140
Newly built single-tenant convenience and fueling property under a long-term absolute NNN ground lease.
Property Size5,802 SF
Price / SF$723.89
Days on Market123
Property Features for 5980 W MEMORY LN
General Information
Standard status
Active
Size
5,802 SF
Class
A
Total Parking Spaces
80
Property subtype
Retail
Zoning
Commmercial
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$210,000
Building Details
Year Built
2025
Units
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
(703) 268-0854
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Apr 30
Changed: Aug 30
Last Checked: Aug 30 at 9:56AM
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.
Completed in 2025, this 5,802-square-foot property is configured as a single-tenant convenience store and gas station. The asset is subject to a new 20-year absolute NNN ground lease with Wawa Midwest, LLC, with the lease obligations guaranteed by Wawa Inc.
The agreement provides 6 five-year extension options and 7% rental increases every 5 years beginning in year 11. Wawa Midwest, LLC operates more than 1,100 locations, adding an established convenience and fueling operator to the tenancy profile. The property is zoned Commercial and located in Greenfield, Indiana.
The agreement provides 6 five-year extension options and 7% rental increases every 5 years beginning in year 11. Wawa Midwest, LLC operates more than 1,100 locations, adding an established convenience and fueling operator to the tenancy profile. The property is zoned Commercial and located in Greenfield, Indiana.
Key Highlights
- 5,802‑square‑foot convenience store and gas station
- Completed in 2025
- New 20‑year absolute NNN ground lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 46140, IN
41,708
Population
18,167
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
93%
High-School Grad
172.5 sq mi
ZIP Area
242
Density / Sq Mi
$82,850
Median Household Income
$47,837
Median Earnings
$1,099
Median Rent
$227,200
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 - Newly built single-tenant convenience and fueling property under a long-term absolute NNN ground lease.
Where is this nnn property located?
The property is located at 5980 W MEMORY LN Greenfield, IN.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 5,802‑square‑foot convenience store and gas station; Completed in 2025; New 20‑year absolute NNN ground lease
