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Wawa

904 Haddonfield Rd, Cherry Hill, NJ 08002

Listing Price: $7,078,652

Cap Rate
4.45%
Tenant Name
Wawa
Years Remaining On Lease
18.0
Gross SF
5,585
Guarantor
Corporate Guarantee
Rentable SF
5,585
Price/Gross SF
$1,267.44
Lease Type
NNN Ground Lease
Rent Per Square Feet
$56.40

Investment Overview

Background – Privately held company, with over (930) +/- locations & over (30,000) employees along the East Coast • Tenant Status – Wawa, Inc. is considered Investment Grade, having a Shadow Rating of “BBB” by Fitch • Track Record – Ranked #25 by Forbes for America’s largest private companies, with annual revenue over $12.1 Billion • Company Growth – Wawa has shown significant investment in its market presence, having continued store openings Year over Year, with approximately (60) new locations in 2020 & (50) Under Development in 2021 [9 in New Jersey]

Investment Highlights

  • Brand New (20) Year Ground Lease with Six, Five-Year Option Periods to extend
  • 10% Rent Escalations every (5) Years beginning in Year 11 of the Lease Term – Increasing Returns & Hedging against Inflation
  • Corporately guaranteed by best in-class Tenant, Wawa, Inc. which operates over (930) +/- convenience store locations
  • Newly Constructed Site featuring (12) premium gas pumps and state-of-the-art convenience store

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s) NJ: 1434917

    New Jersey

Financing By

Listing Price: $7,078,652

Cap Rate
4.45%
Tenant Name
Wawa
Years Remaining On Lease
18.0
Gross SF
5,585
Guarantor
Corporate Guarantee
Rentable SF
5,585
Price/Gross SF
$1,267.44
Lease Type
NNN Ground Lease
Rent Per Square Feet
$56.40

Investment Highlights

  • Brand New (20) Year Ground Lease with Six, Five-Year Option Periods to extend
  • 10% Rent Escalations every (5) Years beginning in Year 11 of the Lease Term – Increasing Returns & Hedging against Inflation
  • Corporately guaranteed by best in-class Tenant, Wawa, Inc. which operates over (930) +/- convenience store locations
  • Newly Constructed Site featuring (12) premium gas pumps and state-of-the-art convenience store

Investment Overview

Background – Privately held company, with over (930) +/- locations & over (30,000) employees along the East Coast • Tenant Status – Wawa, Inc. is considered Investment Grade, having a Shadow Rating of “BBB” by Fitch • Track Record – Ranked #25 by Forbes for America’s largest private companies, with annual revenue over $12.1 Billion • Company Growth – Wawa has shown significant investment in its market presence, having continued store openings Year over Year, with approximately (60) new locations in 2020 & (50) Under Development in 2021 [9 in New Jersey]

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (201) 742-6100

    License(s): NJ: 1434917

    New Jersey

Financing By

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