Wawa – Nashville, TN

Wawa
Hwy 100 & Temple Rd, Nashville, TN 37221, USA

Sands Investment Group is pleased to exclusively offer for sale a 5,915 SF Wawa Ground Lease Asset convenience store located at the signalized intersection of Highway 100 and Temple Road in Nashville, TN. The property features a brand-new 20-year lease guaranteed by Wawa, Inc. (Fitch: BBB), an investment-grade corporate tenant with an ambitious expansion plan. Strategically positioned along a major commuter corridor with ~21,537 VPD, the property benefits from strong visibility, convenient access, and an established retail environment anchored by Publix at Harpeth Village.

  • Investment-grade corporate guaranty and a brand-new 20-year lease guaranteed by Wawa, Inc. (Fitch: BBB), one of the most sought-after credits in single-tenant net lease. Wawa is in the middle of a 5-year plan to add 700 stores, which its real estate leadership calls the largest growth period in the company’s history.
  • The site sits on Hwy 100 (21,537± VPD) at Temple Road, the primary commuter corridor linking Bellevue and Belle Meade. It has direct access and a cross-access easement.
  • This is the final available pad across from Publix at Harpeth Village. Nearby co-tenants include Kroger, Walgreens, McDonald’s, Starbucks, Zaxby’s, and Fifth Third Bank.
  • Affluent, growing trade area where the average household income tops $170,000 within 1 mile, and nearly 60,000 residents live within 5 miles. The site also benefits from Nashville’s continued growth and Tennessee’s lack of a state income tax.
  • Population within 3 miles is projected to grow more than 5% by 2030, from about 31,700 to 33,300. Within 5 miles, it’s projected to pass 62,500.
  • Associates own close to 39% of Wawa through its ESOP. That ownership supports strong retention and consistent store operations.

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

Wawa
Hwy 100 & Temple Rd, Nashville, TN 37221, USA

Wawa

Wawa is a leading privately held convenience store operator offering freshly prepared foods, beverages, coffee, fuel, and everyday essentials. Founded in 1964, the company has grown into a major convenience retail brand with more than 1,100 locations across multiple U.S. states. Wawa is known for its made-to-order hoagies, fresh coffee, breakfast sandwiches, and customer-focused service. Its combination of convenience retail and fuel services supports its position as a well-established brand serving millions of customers.

Price

$5,981,319

Cap Rate

4.85%

PREMISES

5,915 SF

RENEWAL OPTIONS

6 Additional Periods of 5 Years Each, On the Same Terms and Conditions at Each Option

Lease Expiration

TBD

Lease Type

Absolute NNN Ground Lease

RENTAL INCREASES

Rent Increases at Scheduled Intervals: ~5% Increase in Year 11, ~ 5%

BROKERS

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