3835 E 96th St - Convenience Store FOR SALE


Indianapolis, IN 46240
$4,500,000 USD
404-441-3849
3835 E 96th St, Indianapolis, IN for Sale
$4,500,000 USD
Convenience Store - FOR SALE
1/4
null | 4.78% Cap Rate

3835 E 96th St
Indianapolis, IN 46240


HIGHLIGHTS

  • This location is Wawa’s first store in Indiana. The company has plans to build a total of 10 Indiana stores in 2025.
  • Wawa’s absolute NNN ground lease will feature a corporate guaranty from Wawa, Inc. and 20 years of primary term.
  • Roughly 11 miles northeast of downtown Indianapolis, Wawa is positioned at the roundabout intersection of East 96th Street (31,216 VPD).
  • Wawa is within a 1-mile radius of over a dozen new and used car dealerships and collision centers.
  • Wawa is located within the Keystone submarket of Indianapolis—an amenity-rich area known for its high-end retail and modern office spaces.

OVERVIEW

CBRE is pleased to exclusively offer for sale a 20-year absolute NNN Wawa ground lease situated on 1.91 acres within the Keystone Crossing retail submarket of Indianapolis, IN (MSA population: 2.17M+). Currently under construction, the 5,915-square-foot store is expected to open in May 2025, signaling Wawa’s largest expansion starting with ±10 stores in each of Indiana, Ohio and Kentucky this year. The company has plans to open 160 stores in these three states over the next five to eight years. The lease will feature a guaranty from Wawa, Inc. as well as a 7.5% rent increase every 5 years throughout the initial term and in each of the six, 5-year renewal options.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

4.78%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa: Indianapolis, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,200 SF

ZONING

C-3

APN/PARCEL ID

49-02-17-114-080.000-800

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.