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Auto Service - Gas-Conv

Wawa | 20 Years Remaining | Philadelphia, PA MSA | Limited Competition

1900 New Brooklyn Erial Rd, Gloucester Township, NJ 08081

Listing Price: $5,700,000

Cap Rate
5.00%
Tenant Name
Wawa
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
5,585
Lease Type
NNN Ground Lease
Rent Per Square Feet
$51.03

Investment Overview

The Tenant, Wawa Inc., is subject to a new 20-year term NNN ground lease to commence in December 2023. The lease features 10 percent (10%) increases every five years during the base term and six, five-year option periods. The Tenant boasts an investment grade shadow rating of “BBB” by Fitch.

Investment Highlights

  • New 20-Year Lease with 10% Increases Every Five Years
  • Oversized 2.21-Acre Corner Parcel Across from Former Convenience-Only Wawa Location
  • Philadelphia Metro with 71,598 Residents within 3-Miles

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Financing By

Auto Service - Gas-Conv

Wawa | 20 Years Remaining | Philadelphia, PA MSA | Limited Competition

Listing Price: $5,700,000

Cap Rate
5.00%
Tenant Name
Wawa
Years Remaining On Lease
19.4
Guarantor
Corporate Guarantee
Rentable SF
5,585
Lease Type
NNN Ground Lease
Rent Per Square Feet
$51.03

Investment Highlights

  • New 20-Year Lease with 10% Increases Every Five Years
  • Oversized 2.21-Acre Corner Parcel Across from Former Convenience-Only Wawa Location
  • Philadelphia Metro with 71,598 Residents within 3-Miles

Investment Overview

The Tenant, Wawa Inc., is subject to a new 20-year term NNN ground lease to commence in December 2023. The lease features 10 percent (10%) increases every five years during the base term and six, five-year option periods. The Tenant boasts an investment grade shadow rating of “BBB” by Fitch.

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

Financing By

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