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 |
| |
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...
...New construction
Signalized intersection
High traffic 50M+ VPD
Highway location
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee
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 |
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 |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]