Property Details

Wawa

Roselle (Newark), NJ
Property ID: 11198

Financial Summary

Asking Price $7,173,900
Cap Rate 4.60%
Net Operating Income (NOI) $330,000
Lease Type Ground Lease, NNN
Lease Term Remaining 20 Years

Offering Memorandum

To download this Offering Memorandum, please enter your name, email and phone.
Continue

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

Share Property

Highlights

  • Brand new 20-year corporate ground lease
  • Investment grade tenant – Fitch rated BBB
  • 1.5-acre hard corner location at lighted intersection
  • Located off Route 27; the most significant highway in Roselle with traffic counts of 23,000 VPD
  • Rent increases every 5 years of 8% - 10%
  • Population of over 489K people with average HH income of over $87K within 5 mile radius of the property
  • Wawa operates over 800 locations

Net Lease Advisor

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

Location

1171 E St Georges Ave
Roselle (Newark), NJ

Traci BidingerWawa