7160 Cincinnati Dayton Rd - Car Washes FOR SALE


West Chester, OH 45069
$5,100,000 USD
407-808-1657
7160 Cincinnati Dayton Rd, West Chester, OH for Sale
$5,100,000 USD
Car Washes - FOR SALE
1/6
null | 4.54% Cap Rate

7160 Cincinnati Dayton Rd
West Chester, OH 45069


HIGHLIGHTS

  • Brand-new 20-year lease
  • Corporate guaranty with Wawa, Inc. – Investment grade credit (Fitch rating: BBB)
  • Absolute NNN ground lease – No landlord management obligations
  • Trophy real estate – Positioned adjacent to the highly successful mixed-use 1.2M SF Liberty Center
  • Highly desirable affluent market with surrounding household incomes exceeding $150K
  • Wawa is one of the country’s largest privately owned companies in terms of revenue (moving from #23 in 2022 ($14.9B) to #20 in 2023 ($18.2B) and among

OVERVIEW

CBRE is pleased to present this brand-new 20-year absolute NNN ground lease with Wawa – one of the most sought after tenants in the single tenant market. The property is located in Liberty Township (Dayton MSA), OH at the high traffic signalized hard corner directly adjacent to the highly successful mixed-use 1.2M SF Liberty Center. With excellent access and exposure, it’s strategically located along the I-75 growth corridor in the affluent Liberty Township market, providing easy access to both the Cincinnati and Dayton markets. The lease provides for fixed rental increases throughout the entire term including options and is structured as an absolute NNN ground lease providing for no landlord management obligations. Wawa increased revenue 22% in 2023 pushing them up to the 20th largest private company in the U.S., according to Forbes. They achieved an annual revenue of $18.23 billion up from $14.93 billion the prior year and $11 billion in 2021. The company recently revealed plans for “the most aggressive growth” in company history, according to CEO Chris Gheysen, with plans to open as many as 280 new stores over the next decade.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$1,022 USD /SF

CAP RATE

4.54%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wawa Liberty Township

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

2.42 AC

LAND SF

105,415 SF

ZONING

B2,

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

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