Property Details

Wawa

Maplewood, NJ
Property ID: 6505

Financial Summary

Asking Price $6,180,000
Cap Rate 4.45%
Net Operating Income (NOI) $275,000
Lease Type Ground Lease
Lease Term Remaining 20 Years
Increases 10% Every 5 Years
The Offering Memorandum for this property is no longer available.

Contact

Patrick R. Nutt
Managing Partner
703.787.4714
Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Brand new 20 year Wawa ground lease
  • Adjacent to Bank of America and close to New Jersey Transit General Office Building
  • Combined traffic count of 32,287 VPD
  • Population of over 291,316 people with average HH income of $81,716 within 3 mile radius of the property
  • Essex County’s only Wawa location

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

1511 Springfield Avenue
Maplewood, NJ

Traci BidingerWawa