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Wawa | New 20-Year NNN GL | Philadelphia, PA MSA | 10% Increases Every 5 Years

1006 White Horse Pike, Oaklyn, NJ 08107

Listing Price: $8,625,000

Cap Rate
4.00%
Tenant Name
Wawa
Years Remaining On Lease
20.7
Guarantor
Corporate Guarantee
Rentable SF
5,051
Lease Type
NNN Ground Lease
Rent Per Square Feet
$68.30

Investment Overview

Wawa is positioned within one-mile of both Walmart and the Target-anchored Westmont Plaza. According the geofencing data from Placer.ai, Westmont Plaza is within the top five percent (5%) of shopping centers nationwide with 1.4 million customer visits per year, and Walmart accounts for an additional 1.3 million customer visits. These two retailers, along with other notable neighboring retailers such as TD Bank with $144 Million in deposits, generate significant daytime traffic to this corridor. The next closest Walmart and Target locations are five miles away. The Property is also within one-and-one-half-miles to eight area schools totaling 3,860 students.

Investment Highlights

  • oversized 1.92 Acre Parcel
  • Dominant Brand in the Market
  • 10 Percent Increases Every Five Years

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s) NJ: 2192359

    New Jersey

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Service - Gas-Conv

Wawa | New 20-Year NNN GL | Philadelphia, PA MSA | 10% Increases Every 5 Years

Listing Price: $8,625,000

Cap Rate
4.00%
Tenant Name
Wawa
Years Remaining On Lease
20.7
Guarantor
Corporate Guarantee
Rentable SF
5,051
Lease Type
NNN Ground Lease
Rent Per Square Feet
$68.30

Investment Highlights

  • oversized 1.92 Acre Parcel
  • Dominant Brand in the Market
  • 10 Percent Increases Every Five Years

Investment Overview

Wawa is positioned within one-mile of both Walmart and the Target-anchored Westmont Plaza. According the geofencing data from Placer.ai, Westmont Plaza is within the top five percent (5%) of shopping centers nationwide with 1.4 million customer visits per year, and Walmart accounts for an additional 1.3 million customer visits. These two retailers, along with other notable neighboring retailers such as TD Bank with $144 Million in deposits, generate significant daytime traffic to this corridor. The next closest Walmart and Target locations are five miles away. The Property is also within one-and-one-half-miles to eight area schools totaling 3,860 students.

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s): NJ: 2192359

    New Jersey

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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