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Auto Service - Gas-Conv

Wawa

604 Pine St, Lakehurst, NJ 08733

Listing Price: $6,775,510

Cap Rate
4.90%
Tenant Name
Wawa
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.40

Investment Overview

Subject site is within 2-miles of major retailers including: ShopRite (Top 25% in the US based on Annual Visits), Lowe’s Dollar Tree, Applebee’s, McDonalds, 7-Eleven, and more. This site is between the Whiting & Toms River Wawa Locations and is experiencing strong Lunch + Dinner crowds in the early stages of opening (Military and Trucker Employees)

Investment Highlights

  • 25th Largest private company with 1,000+ Locations and generating $15+ Billion in Revenue in the 2022 fiscal year. This represents a 36% increase in revenue year-over-year.
  • Newly Built in July 2023 with a new 20-year lease featuring 16 Premium Fuel Pumps and a State-of-the-Art Convenience Store.
  • Adjacent to the 2nd largest employer in NJ (Joint Base McGuire-Dix-Lakehurst) with 45K+ employees and generating over $4 billion to the NJ Economy annually.
  • Strategically Located at the Border of a primary Roundabout Intersection - Route 70 (21,943 VPD) with 3 convenient access points surrounding the site.

Exclusively Listed By

  • Mark Krantz

    First Vice President Investments

    (215) 531-7056

    Email Mark

    License(s): PA: RS336064, NJ: 1863254

    Philadelphia

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

Listing Price: $6,775,510

Cap Rate
4.90%
Tenant Name
Wawa
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
5,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.40

Investment Highlights

  • 25th Largest private company with 1,000+ Locations and generating $15+ Billion in Revenue in the 2022 fiscal year. This represents a 36% increase in revenue year-over-year.
  • Newly Built in July 2023 with a new 20-year lease featuring 16 Premium Fuel Pumps and a State-of-the-Art Convenience Store.
  • Adjacent to the 2nd largest employer in NJ (Joint Base McGuire-Dix-Lakehurst) with 45K+ employees and generating over $4 billion to the NJ Economy annually.
  • Strategically Located at the Border of a primary Roundabout Intersection - Route 70 (21,943 VPD) with 3 convenient access points surrounding the site.

Investment Overview

Subject site is within 2-miles of major retailers including: ShopRite (Top 25% in the US based on Annual Visits), Lowe’s Dollar Tree, Applebee’s, McDonalds, 7-Eleven, and more. This site is between the Whiting & Toms River Wawa Locations and is experiencing strong Lunch + Dinner crowds in the early stages of opening (Military and Trucker Employees)

Exclusively Listed By

  • Mark Krantz

    First Vice President Investments

    (215) 531-7056

    Email Mark

    License(s): PA: RS336064, NJ: 1863254

    Philadelphia

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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