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Auto Service - Gas-Conv

Wawa | 20 Years Remain | NYC MSA | Limited Competition

194 US-206, Flanders, NJ 07836

Listing Price: $6,428,571

Cap Rate
4.90%
Tenant Name
Wawa
Years Remaining On Lease
20.4
Guarantor
Corporate Guarantee
Rentable SF
4,736
Lease Type
NNN Ground Lease
Rent Per Square Feet
$66.51

Investment Overview

The Tenant, Wawa Inc., is subject to a new 20-year term NNN ground lease to commence no later than early September 2024. The lease features 10 percent (10%) increases every five years during the base term with six, five-year option periods. The Tenant boasts an investment grade shadow rating of “BBB” by Fitch.

Investment Highlights

  • High Barrier Site; Significant On & Off-Site Work Required
  • Signalized 6.06-Acre Corner Assemblage to 34,054 VPD
  • Investment Grade Tenant; Shadow Rated "BBB" By Fitch

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 Remain | NYC MSA | Limited Competition

Listing Price: $6,428,571

Cap Rate
4.90%
Tenant Name
Wawa
Years Remaining On Lease
20.4
Guarantor
Corporate Guarantee
Rentable SF
4,736
Lease Type
NNN Ground Lease
Rent Per Square Feet
$66.51

Investment Highlights

  • High Barrier Site; Significant On & Off-Site Work Required
  • Signalized 6.06-Acre Corner Assemblage to 34,054 VPD
  • Investment Grade Tenant; Shadow Rated "BBB" By Fitch

Investment Overview

The Tenant, Wawa Inc., is subject to a new 20-year term NNN ground lease to commence no later than early September 2024. The lease features 10 percent (10%) increases every five years during the base term with 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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