Hamilton Township, NJ - Wawa

Description:

Brand New 20-Year Lease | Corporate Guaranteed | Investment Grade Tenant | Scheduled 10% Rental Increases
• Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease is corporate guaranteed by Wawa, Inc., an investment grade
(Fitch: BBB), nationally recognized, and an established convenience store
and gas brand with over 900+ locations
• The ground lease features 10% rental increases throughout the term and options to extend, increasing NOI and hedging against inflation
Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from fee simple ownership of the land
• Ideal management-free investment for a passive investor

Fronting Bordertown Road | Directly off Interstate 295 & 195 | Independence Plaza | Several National/Credit Tenants
• Wawa is strategically fronting the Bordertown Road & South Broad Street traffic circle with an average 47,500 VPD
• The asset is directly off Interstate 295 and Interstate 195, two dominant New Jersey and East Coast Highways
• The subject property is located near Independence Plaza, a 252,000 SF Crunch Fitness anchored shopping center
• The trade area is supported by several national/credit tenants such as ALDI, Taco Bell, Burger King, Dunkin’, Wendy’s, and more
• Strong tenant synergy increases consumer draw to the immediate trade area
Brand New Construction | Excellent Visibility & Access
• Brand new construction which features high quality materials and distinct design elements
• The asset benefits from significant street sign frontage along Bordertown Road promoting excellent visibility and ease of access for customers
Strong Demographics In 5-mile Trade Area
• More than 216,000 residents and 110,000 employees support the trade area
• $100,842 average household income within 1 mile radius

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Listing ID: a288X000003lym6QAA