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Wawa | 20 Years Remain | Legacy Store Rebuild | Philadelphia MSA

1700 S Burnt Mill Rd, Voorhees Township, NJ 08043

Listing Price: $6,360,000

Cap Rate
4.25%
Tenant Name
Wawa
Years Remaining On Lease
20.7
Guarantor
Corporate Guarantee
Rentable SF
5,585
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.34

Investment Overview

The Property is in proximity to several area drivers, most notably Rowan University School of Osteopathic Medicine located less than one-mile southwest. Rowan SOM consistently ranks as one of the top osteopathic schools in the Country with an enrollment of 817 students. The University’s 238,000-square-foot complex is adjacent to Jefferson Stratford Hospital with 181 beds and 971 employees. To the north is Jefferson Health Voorhees Campus, which offers advanced medicine in new state-of-the-art primary and specialty care facilities, as well as Harris School of Business Vorhees with 215 students. The Property is also less than one-mile to the apartment communities of Village at Voorhees (855 units) and Echelon Glen (432 units).

Investment Highlights

  • New 20-Year Lease with 10% Increases Every Five Years
  • Legacy Store Rebuild to New Prototype with Gas
  • Oversized 2.87-Acre Corner Parcel

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Auto Service - Gas-Conv

Wawa | 20 Years Remain | Legacy Store Rebuild | Philadelphia MSA

Listing Price: $6,360,000

Cap Rate
4.25%
Tenant Name
Wawa
Years Remaining On Lease
20.7
Guarantor
Corporate Guarantee
Rentable SF
5,585
Lease Type
NNN Ground Lease
Rent Per Square Feet
$48.34

Investment Highlights

  • New 20-Year Lease with 10% Increases Every Five Years
  • Legacy Store Rebuild to New Prototype with Gas
  • Oversized 2.87-Acre Corner Parcel

Investment Overview

The Property is in proximity to several area drivers, most notably Rowan University School of Osteopathic Medicine located less than one-mile southwest. Rowan SOM consistently ranks as one of the top osteopathic schools in the Country with an enrollment of 817 students. The University’s 238,000-square-foot complex is adjacent to Jefferson Stratford Hospital with 181 beds and 971 employees. To the north is Jefferson Health Voorhees Campus, which offers advanced medicine in new state-of-the-art primary and specialty care facilities, as well as Harris School of Business Vorhees with 215 students. The Property is also less than one-mile to the apartment communities of Village at Voorhees (855 units) and Echelon Glen (432 units).

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

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