Skip to main content

Auto Service - Gas-Conv

Wawa

570 Rancocas Rd, Westampton, NJ 08060

Listing Price: $6,941,176

Cap Rate
4.25%
Tenant Name
Wawa
Years Remaining On Lease
18.3
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$1,388.24
Lease Type
NNN Ground Lease
Rent Per Square Feet
$59.00

Investment Overview

Marcus & Millichap is pleased to present for sale the fee simple purchase of a Wawa Gas/Convenience store. The property is subject to a 20 NNN Ground lease with 18 years remaining on term. This location features a Drive-Thru providing extra convenience for customers. 10% Rent Bumps every 5 years and in options provide an investor a strong hedge against inflation. The store sits on more than 3 acres of property, featuring two retention ponds. A long term lease featured with strong location in an affluent neighborhood makes this site a perfect opportunity for a buyer looking for a long term, secure investment.

Investment Highlights

  • 20 Year Absolute NNN Ground Lease With 18 Years Remaining on Base Term
  • Property Features 5 Electric Car Chargers
  • Has a Rare Wawa Drive-Thru
  • Oversized 3+ Acre Lot with Two Retention Ponds
  • Lease Calls for 10% Rent Bumps Every 5 Years and In Options- Providing a Hedge Against Inflation
  • There are 12 Gas Pumps Under Canopy & 44 Parking Spots
  • Affluent Middle-Class Demographic
  • Two Means of Access- Rancocas Road & Highland Park Drive

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s) NJ: 2192359

    New Jersey

Financing By

Auto Service - Gas-Conv

Wawa

Listing Price: $6,941,176

Cap Rate
4.25%
Tenant Name
Wawa
Years Remaining On Lease
18.3
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$1,388.24
Lease Type
NNN Ground Lease
Rent Per Square Feet
$59.00

Investment Highlights

  • 20 Year Absolute NNN Ground Lease With 18 Years Remaining on Base Term
  • Property Features 5 Electric Car Chargers
  • Has a Rare Wawa Drive-Thru
  • Oversized 3+ Acre Lot with Two Retention Ponds
  • Lease Calls for 10% Rent Bumps Every 5 Years and In Options- Providing a Hedge Against Inflation
  • There are 12 Gas Pumps Under Canopy & 44 Parking Spots
  • Affluent Middle-Class Demographic
  • Two Means of Access- Rancocas Road & Highland Park Drive

Investment Overview

Marcus & Millichap is pleased to present for sale the fee simple purchase of a Wawa Gas/Convenience store. The property is subject to a 20 NNN Ground lease with 18 years remaining on term. This location features a Drive-Thru providing extra convenience for customers. 10% Rent Bumps every 5 years and in options provide an investor a strong hedge against inflation. The store sits on more than 3 acres of property, featuring two retention ponds. A long term lease featured with strong location in an affluent neighborhood makes this site a perfect opportunity for a buyer looking for a long term, secure investment.

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s): NJ: 2192359

    New Jersey

Financing By

MM Texture Background
MM Textured Background Lower