Wawa – Clarksville, TN

Wawa
101st Airborne Division Pkwy, Clarksville, TN 37042, USA

Sands Investment Group is pleased to exclusively offer for sale the 5,915 SF Wawa Absolute NNN Ground Lease located on 101st Airborne Division Parkway in Clarksville, TN. This deal includes a premier new-construction Absolute Triple Net (NNN) Ground Lease investment secured by one of the nation’s most coveted convenience store operators and positioned along the primary commercial corridor serving one of Tennessee’s fastest-growing markets.

  • Long-Term Lease With Contractual Rent Growth: The lease provides a 20-year initial term with 6, 5-year renewal options, up to 50 years of total term. Built-in rent bumps of approximately 5% occur every 5 years, growing annual rent from $214,807 to $317,368 by Year 50.
  • Investment-Grade Tenant With Exceptional Brand Strength: Wawa, Inc. is one of the most recognized convenience and fuel brands in the U.S., operating 1,000+ locations with annual revenues exceeding $19 billion. Wawa’s 24/7 operating model and long track record of lease performance make it one of the most coveted net lease tenants in the country.
  • Irreplaceable Location on the Primary Fort Campbell Corridor: Situated directly on 101st Airborne Division Parkway, the primary access corridor to Fort Campbell, the site benefits from 39,484 vehicles per day. Fort Campbell is home to 27,100+ active duty soldiers, 50,800+ family members, and 70,000+ military retirees, creating a massive, recession-resistant consumer base anchored by the U.S. government.
  • One of the Fastest-Growing Markets in the Nation: Clarksville ranks among the 25 fastest-growing cities in the United States, adding 14,000 residents in just 3 years to reach a city population of 180,000+, with Montgomery County approaching 250,000 total. Located 30 minutes north of Nashville, the market’s trajectory shows no signs of slowing.
  • Tennessee is an Income Tax-Free, Pro-Business State: Tennessee imposes no state income tax, no rent control, and maintains strong landlord protections, consistently attracting residents and businesses from higher-tax states. This migration-driven growth directly fuels the demand that makes Clarksville one of the Southeast’s most compelling net lease markets.
  • Absolute Triple Net (NNN) Ground Lease: Zero landlord responsibility structured as an Absolute Triple Net (NNN) Ground Lease, the tenant is responsible for all taxes, insurance, utilities, and maintenance. Following pad delivery, the landlord has zero ongoing obligations, a truly passive investment for up to 50 years.

In Cooperation With Sands Investment Group Tennessee, LLC – Lic. #263973 BoR: Tom Gorman – Lic. TN #370394

Wawa
101st Airborne Division Pkwy, Clarksville, TN 37042, USA

Wawa

Wawa, Inc., a privately held company, began in 1803 as an iron foundry in New Jersey. Toward the end of the 19th Century, owner George Wood took an interest in dairy farming and the family began a small processing plant in Wawa, PA in 1902.  Today, Wawa is your all day, every day stop for freshly prepared foods, beverages, coffee, fuel services and surcharge-free ATMs. Wawa stores are located in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida, North Carolina, Alabama and Washington, D.C. with more than 1,100 locations to date. The stores offer a large fresh foodservice selection, including Wawa brands such as custom prepared hoagies, freshly-brewed coffee, hot breakfast sandwiches, hand-crafted specialty beverages, a dinner menu including burgers and an assortment of soups, sides and snacks. Forbes.com Ranks Wawa as #20 of America’s Largest Private Companies, #1 in Convenience Category for America’s Best Customer Service by Newsweek, one of Forbes 2023 America’s Best Employers for Women and New College Grads.

Price

$4,522,252

Cap Rate

4.75%

PREMISES

5,915 SF

YEAR BUILT

2026

RENEWAL OPTIONS

6 x 5 Year Options

Lease Expiration

20 Years From Rent Commencement

Lease Type

Absolute NNN Ground Lease

RENTAL INCREASES

5% Every 5 Years

BROKERS

List with SIG

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