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Auto Service - Gas-Conv

Wawa

1006 White Horse Pike, Oaklyn, NJ 08107

Listing Price: $6,571,429

Cap Rate
5.25%
Tenant Name
Wawa
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
5,051
Lease Type
NNN Ground Lease
Rent Per Square Feet
$68.30

Investment Overview

DOMINANT MARKET SHARE WITH LIMITED COMPETITION | Wawa is the dominant gas and convenience brand in the Philadelphia MSA. Historically, competition has struggled to gain traction and survive in this area due to the unwavering commitment of the local customer base. Strategically located along the White Horse Pike with 365,000 people located within 5 miles of this site with the average household income north of $95,000.

Investment Highlights

  • LANDMARK LOCATION – 1,000TH STORE OPENING | This site will forever be known as a milestone in the Wawa portfolio nationwide. Opening in March of 2023 in Oaklyn, Camden County in New Jersey.
  • NEW 2023 PROTOTYPE STORE | Featuring a 5,051 square foot convenience store featuring 6 fueling stations open 24 hours to serve the local and commuting customer base.
  • BARRIERS TO ENTRY | Assembling 1.92 acres in the Oaklyn submarket to complete a new development is extremely challenging. As a result, there are limited convenience stores with gas options.

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

Auto Service - Gas-Conv

Wawa

Listing Price: $6,571,429

Cap Rate
5.25%
Tenant Name
Wawa
Years Remaining On Lease
19.0
Guarantor
Corporate Guarantee
Rentable SF
5,051
Lease Type
NNN Ground Lease
Rent Per Square Feet
$68.30

Investment Highlights

  • LANDMARK LOCATION – 1,000TH STORE OPENING | This site will forever be known as a milestone in the Wawa portfolio nationwide. Opening in March of 2023 in Oaklyn, Camden County in New Jersey.
  • NEW 2023 PROTOTYPE STORE | Featuring a 5,051 square foot convenience store featuring 6 fueling stations open 24 hours to serve the local and commuting customer base.
  • BARRIERS TO ENTRY | Assembling 1.92 acres in the Oaklyn submarket to complete a new development is extremely challenging. As a result, there are limited convenience stores with gas options.

Investment Overview

DOMINANT MARKET SHARE WITH LIMITED COMPETITION | Wawa is the dominant gas and convenience brand in the Philadelphia MSA. Historically, competition has struggled to gain traction and survive in this area due to the unwavering commitment of the local customer base. Strategically located along the White Horse Pike with 365,000 people located within 5 miles of this site with the average household income north of $95,000.

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

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