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Wawa | 20 Years Remain | NYC Metro | Located on High Traffic Commuter Route

7408 Tonnele Ave, North Bergen, NJ 07047

Listing Price: $12,342,000

Cap Rate
4.25%
Tenant Name
Wawa
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
5,051
Lease Type
NNN Ground Lease
Rent Per Square Feet
$103.84

Investment Overview

Wawa is positioned in an irreplaceable location in close proximity to significant retail and single-family residential density. The Route 9 corridor is anchored by extremely high-performing Walmart, The Home Depot, Lowe’s, and Target locations, and features notable high-profile retail brands like Starbucks, CVS Pharmacy, Chipotle, and McDonald’s, among others. According to the geofencing data from Placer.ai, this Walmart location ranks in the top one percent chainwide, or 8th of 3,901 locations, with 3.75 million annual customer visits. Similarly, The Home Depot ranks in the top four percent chainwide, 72nd of 1,962 locations, with 1.4 million annual customer visits. The four big-box retailers draw immense traffic to this retail location, with a combined 7.5 million customer visits each year, and promote cross-shopping amongst the other retailers.

Investment Highlights

  • New Long-Term Corporate Lease; Shadow Rated "BBB" by Fitch
  • Exceptional NYC Metro Location with Three-Mile Population of 515,319
  • Irreplaceable Infill Location

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 | 20 Years Remain | NYC Metro | Located on High Traffic Commuter Route

Listing Price: $12,342,000

Cap Rate
4.25%
Tenant Name
Wawa
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
5,051
Lease Type
NNN Ground Lease
Rent Per Square Feet
$103.84

Investment Highlights

  • New Long-Term Corporate Lease; Shadow Rated "BBB" by Fitch
  • Exceptional NYC Metro Location with Three-Mile Population of 515,319
  • Irreplaceable Infill Location

Investment Overview

Wawa is positioned in an irreplaceable location in close proximity to significant retail and single-family residential density. The Route 9 corridor is anchored by extremely high-performing Walmart, The Home Depot, Lowe’s, and Target locations, and features notable high-profile retail brands like Starbucks, CVS Pharmacy, Chipotle, and McDonald’s, among others. According to the geofencing data from Placer.ai, this Walmart location ranks in the top one percent chainwide, or 8th of 3,901 locations, with 3.75 million annual customer visits. Similarly, The Home Depot ranks in the top four percent chainwide, 72nd of 1,962 locations, with 1.4 million annual customer visits. The four big-box retailers draw immense traffic to this retail location, with a combined 7.5 million customer visits each year, and promote cross-shopping amongst the other retailers.

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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