Wawa NNN — Bedford, IN

Updated November 4, 2026

$4,116,505 · 5.15% CAP · 19.9 YRS

New 2026 Wawa c-store and fuel center at 501 Bellback Road in Bedford, 6,372 SF on 2.21 acres, on an absolute NNN ground lease asking $4,116,505 at a 5.15% cap on $212,000 rent. Wawa, Inc. is the corporate guarantor; it is a private company and no credit rating is stated. The 20-year term began September 2026 and runs to September 2046, about 19.9 years, with 10% increases every five years and six 5-year options. Ground lease status differs between sources, so confirm in the lease that the buyer owns the land only. Among the 8 Wawa deals we carry, the median ask is 4.725%, so Bedford prices about 43 basis points wider.

Lease Abstract

Price

$4,116,505

Cap rate

5.15% CAP

NOI

$212,000

Term remaining

19.9 YRS

Lease type

Absolute NNN Ground Lease

Increases

10% every 5 years, including options

Options

6 x 5-year

Guarantee

Corporate

Building

6,372 SF

Lot

2.21 AC

Year built

2026

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

6,372 SF building, built 2026, 2.21 acres of land. Ground lease priced at $1,862,672 per acre. Rent increases: 10% every 5 years, including options. Renewal options: 6 x 5-year. Corporate guarantee. Primary term ends around 2046 (19.9 yrs left at listing, Nov 2026).

Location

Bedford, Indiana — 501 Bellback Road, Bedford, IN 47421. Full address and offering memorandum released on request — see our Wawa tenant guide and the Indiana market page for the underwriting context.