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Virtual Drive-By

Wawa Absolute NNN

7601 Vaughn Mill Rd · Louisville, KY 40228 · Convenience / Fuel

Asking price
$3,818,642
Cap rate
5.25%
NOI
$200,484

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Lease

Lease typeAbsolute NNN
Term remaining19.6 yrs
Expiration03/2046
Rent bumpsYes
OptionsSix, 5-year
Ground leaseYes
Credit profile—
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF5,915
Price / SF$646
Year built2026
Lot size2.66 ac
TypeConvenience Store, Gas Station
Days on market110

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

Brand New Construction: This recently completed, modern Wawa

build eliminates the need for near-term capital improvements

and meets the latest building standards, offering a turn-key, low maintenance

investment.

Large Lot Size: The ±2.66 acre lot provides ample space for efficient

operations, excellent traffic flow, and future adaptability such as EV

charging stations or site expansion.

20-Year NNN Lease: Backed by a corporate guarantee from Wawa

Inc., the lease offers two decades of stable, passive income with no

landlord responsibilities—ideal for long-term, hands-off ownership.

Strong National Brand: Wawa is a leading name in the convenience

and foodservice sector, known for high unit performance, strong

brand loyalty, and continued regional expansion.

Strong Local Demographics: An average household income of nearly

$88K within 1 mile indicates strong consumer spending and supports

healthy retail performance.

Excellent Visibility & Access: Located along Vaughn Mill Rd with

over 14,000 vehicles per day, the site offers strong exposure and

convenient access for both local and commuter traffic.

Dense Surrounding Population: More than 185,000 residents live

within a 5-mile radius, ensuring a steady, built-in customer base for

consistent sales.

Hard Signalized Corner: Positioned at the intersection of Outer Loop

Rd and Vaughn Mill Rd, the property benefits from full-turn access

and high-profile frontage at a key retail corner.

Property overview

Introducing an exceptional investment opportunity at 7601 VAUGHN MILL RD, LOUISVILLE, KY 40228.​ This cutting-edge Wawa build boasts new construction and a 20-year NNN lease, backed by a corporate guarantee, offering hassle-free ownership for long-term, passive income.​ With a spacious 2.66-acre lot, this property provides room for future enhancements like EV charging stations or expansion possibilities.​ Benefit from the strong national presence of Wawa, a renowned name in the convenience and foodservice industry, known for its loyal customer base and consistent growth.​ Located at a bustling corner with high traffic visibility, this property caters to over 185,000 residents within a 5-mile radius, ensuring a steady stream of customers.​ The property's strategic position at a signalized intersection amplifies its exposure, making it an ideal investment for those seeking a stable, lucrative asset with strong growth potential.​ Don't miss out on this turn-key investment opportunity offering a modern, low-maintenance experience with promising returns.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.