Property Details


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

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Andrew Fallon
Executive Managing Director

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  • 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

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1171 E St Georges Ave
Roselle (Newark), NJ

Traci BidingerWawa