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32266985
32266984

3161 Quakerbridge Rd, Hamilton Township, NJ 08619

SR
NJ 1974375, CA 02101543 (+42)
ParaSell Inc
JS
CA 02074212
CrownPoint Partners
SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
Listed by ParaSell Inc, CrownPoint Partners
$2,402,000
36 days on market
Updated 36 days ago

Wawa | 17+ Yr Absolute Net | 63k VPD

Details
APN 03-01614-0000-00001
Property Type Retail
Sub Type Gas Station, Convenience Store
Square Footage 5,585
Cap Rate 5.65%
NOI $135,705
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+2)
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 08/31/2043
Remaining Term 17.2
Rent Bumps Yes
Lease Options 6X 5 YEAR
Pro-Forma Cap Rate 6.21%
Pro-Forma NOI $149,276
Broker Co-Op True
Class A
Year Built 2023
Buildings 1
Stories 1
Acreage 2.310
Parking Spaces 48 spaces
Parking Per SqFt 8.59
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/03/2023
Ground Lease Yes
Ownership Leasehold Interest

Low Price Point Wawa | Affluent Mercer County Suburb

Investment highlights

PROPERTY HIGHLIGHTS

  • Rare, Low Price Point Opportunity to Acquire the Leasehold Interest of a Wawa
  • Tremendous Potential Upside with a Purchase Option for the Land at Fair Market Value in 2033
  • 17+ Years Remain on An Absolute Net Lease with Wawa with Zero Landlord Responsibilities
  • Wawa Lease is Corporately Guaranteed by Wawa, Inc, one of the Nation's Leading Convenience Retailers
  • Wawa has 1,200+ Locations with Revenue of $18.9 Billion
  • Attractive 10% Increases Every 5 Years with Six (6), Five (5) Year Options in Wawa Lease
  • Next Rent Increase is less than 2.5 Years Away in September 2028
  • Leasehold Interest is Subject to a Long-Term Ground Lease, Coterminous with the Wawa Lease
  • Both a Right of First Offer and a Right of First Refusal Protect Investor's Interest in the Land During the Base Term & Options of Land Lease
  • Surrounded by Synergistic National Retailers Such as Walmart, ACME, ShopRite, Five Guys, Taco Bell, Dunkin, Checkers, Citizens, One Main Financial and More
  • Combined Traffic Counts Exceed 63,100 Vehicles Per Day

LOCATION HIGHLIGHTS

• Positioned at the Signalized Intersection of Quakerbridge Road (29,700 VPD) and Flock Road (33,400 VPD)

• Affluent Community with Average Household Income Exceeding $130,000 in a 1-Mile Radius

• Dense Population with over 230,155 People within a 5-Mile Radius

• 0.5 Miles to the On & Off Ramp of I-295, a Major North-South Bypass, Connecting Southern New Jersey to Philadelphia and Delaware

• I-295 Runs Parallel to the NJ Turnpike, Providing Access to other Major Routes such as I-76, Route 42 and I-195

• Hamilton is Known as a Convenient Commuter Suburb Due to its Close Proximity to Major New Jersey Arteries such as the New Jersey Turnpike (I-95), I-295, US Route 1, and, US Route 130

• 5 Miles to the State Capitol of Trenton which supports a Total Workforce of over 73,000 Employees and 30 State Agencies

• 7.5 Miles to Princeton University, One of the Largest Private Employers in Central New Jersey with a Total Economic Impact Estimated at $2 Billion Annually

Listing Contacts

SR
NJ 1974375, CA 02101543 (+42)
ParaSell Inc
JS
CA 02074212
CrownPoint Partners
SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
Listed by ParaSell Inc, CrownPoint Partners

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,705.00
$11,308.75/mo

Valuation Metrics

0
DSCR
5.65%
Cap Rate
5.65%
ROI

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Additional Information

Name
Scott Reid
License
1974375
Brokerage Phone
5555555555
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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