Wawa | 17+ Yr Absolute Net | 63k VPD
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
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