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
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
Financing By
Auto Service - Gas-Conv
Wawa | 20 Years Remaining | Philadelphia, PA MSA | Limited Competition
Listing Price: $5,700,000
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
Financing By
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