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Wawa (GL)
212 Blackwood-Barnsboro Road, Sewell, NJ 08080
$6,695,000
Cap Rate 4.75%
Summary
| Price $6,695,000 | Built/Renov 2023 | Tenant Wawa (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
5,585
| Lease Start
12-01-2023
| #Units
950
|
| Price/SF $1,198.75 | Expiration
12-01-2043
| Tenant Type Convenience/Gas |
| NOI $318,000 | R. Term 19.12 | Ownership Ground Lease |
| Rent/SF
$56.94
| Increases 10.0%/5/yrs | Pop 5Mi 181,040 |
| Lot/AC 2.61 | Options 6/5yrs/10% | AHHI 5Mi $122,659 |
| | |
Lease Highlights
- Brand-new 2023 construction
- Wawa recently signed a new 20-year ground lease with 6 (5-year) options to extend
- The lease features 10% rental increases every 5 years starting in lease year 6 and at the beginning of each option period
- Absolute NNN | Zero landlord responsibilities
- Corporate guaranteed lease
Location Description
Wawa is situated at the hard corner, signalized intersection of State Highway 47 and Blackwood-Barnsboro Road with additional access from Egg Harbor Road seeing a combined 54,900 vehicles per day. The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers. The property consists of a 5,585 SF convenience store, a...
...Features
-
New construction
-
Signalized intersection
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High traffic 50M+ VPD
-
Highway location
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Top 100 MSA
-
Affluent AHHI $100K 5 Mi
-
Brand new lease
-
Long 20+ yr lease
-
Absolute NNN
-
Corporate Guarantee
...
Maps
Tenant
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,699 | 51,387 | 181,103 |
| 2023 Total Population : | 4,758 | 51,620 | 182,208 |
| 2023 Employed Civilian Pop : | 2,433 | 27,135 | 96,884 |
| 2023 Total Businesses : | 185 | 1,701 | 5,367 |
| 2023 Average Household Income : | $ 170,396 | $ 136,164 | $ 122,349 |
| 2023 Total Consumer Spending : | $ 243 M | $ 2202 M | $ 7449 M |
| 2023 Median Age : | 40 | 42 | 42 |
| 2023 Total Households : | 1,665 | 19,100 | 71,517 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,075 | 9,835 | 32,856 |
| 2023 Average Home Value : | $ 331,986 | $ 340,702 | $ 311,072 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Blackwood Barnsboro Road | Egg Harbor Rd | 2017 | 5,060 | 0.11 mi |
| Delsea Drive | 2018 | 15,585 | 0.18 mi | |
| NJ 41 | Delsea Dr | 2020 | 10,567 | 0.19 mi |
| Hurffville Rd | Blue Bell Ln | 2011 | 12,807 | 0.20 mi |
| Delsea Dr | Hurffville Rd | 2005 | 15,585 | 0.20 mi |
| Egg Harbor Rd | Blackwood Barnsboro Rd | 2017 | 14,652 | 0.22 mi |
| Blackwood Barnsboro Rd | Primrose Dr | 2012 | 5,664 | 0.30 mi |
| Delsea Dr | Blackwood Barnsboro Rd | 2010 | 13,483 | 0.33 mi |
| Blackwood Barnsboro Road | International Ave | 2018 | 5,227 | 0.36 mi |
| Delsea Dr | Hurffville Rd | 2005 | 13,578 | 0.36 mi |
