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Marcus & Millichap Arranges $4.8M Sale Of Wawa Retail Property In Noblesville, IN
SOLD
$4,800,000
Indiana
See Similar DealsRetail5,915 SF
Sold 09/24/2025
SOLD
Marcus & Millichap Arranges $4.8M Sale Of Wawa Retail Property In Noblesville, IN
2701 Westfield Road
See Similar DealsRetail5,915 SF
Sold 09/24/2025
Summary
INDIANA
Asset Type:Retail
Price Per Square Foot:$811
Total Square Footage:5,915 SF
Transaction Type:Sale
A retail property located at 2701 Westfield Road in Noblesville, IN, was sold for $4,800,000. The asset covers an area of 5,915 square feet, resulting in a price per square foot of $811. The property is under a 20-year NNN lease with Wawa Inc.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,800,000
- Sale Date: 09/24/2025
- Address: 2701 Westfield Road
- Market: Noblesville, IN
- Square Footage: 5,915
- Price Per Square Foot: $811
- Seller: Florida-based developer
- Buyer: Undisclosed
Don McMinn and Andrew Koriwchak from Marcus & Millichap represented the seller in this transaction. The brokerage arranged the sale of this newly built Wawa retail property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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