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Wawa | New Store | NYC MSA
75 US-206, Stanhope, NJ 07874
Listing Price: $5,636,364
Investment Overview
The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease estimated to open in September 2024. The lease features 10 percent (10%) rental increases every five years during the base term and six, five-year options, which provides an excellent hedge against inflation. Wawa will operate in a 5,585-square-foot store with six fueling pumps. The Tenant boasts an investment grade shadow rating of “BBB+” by Fitch.
Broker of Record
-
John Horowitz
Senior Vice President/Division Manager
Financing By
Listing Price: $5,636,364
Investment Highlights
- New 20-Year Term; Store Opening September 2024
- Across from High-Performing ShopRite Center with 2M Annual Customer Visits
- Mature Sussex County Submarket
Investment Overview
The Tenant, Wawa Inc., is subject to a new 20-year NNN ground lease estimated to open in September 2024. The lease features 10 percent (10%) rental increases every five years during the base term and six, five-year options, which provides an excellent hedge against inflation. Wawa will operate in a 5,585-square-foot store with six fueling pumps. 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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