SRS Real Estate Partners announced today the $6.06 million ground lease (land ownership) sale of a Wawa property located at 100 Egg Harbor Road in Washington Township, NJ. Built in 2024, the 5,585-square-foot property is situated on 2.61 acres and has a 20-year corporate-guaranteed lease in place.
SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble who are based in Florida represented the seller, an East Coast-based developer. The buyer was a private investor from New Jersey who was in a 1031 exchange.
“This property is strategically positioned on the border of New Jersey and Philadelphia and is near two colleges as well as Delford Mall, which totals more than one million square feet,” said Nutt. “The Wawa brand continues to gain a loyal customer base and store presence, making this particular property a solid, passive investment for the buyer.”
There are more than 1,050 Wawa stores in the United States. This established convenience store and gas brand continues to build new locations. SRS’ Nutt and Wamble remain the most active and experienced brokers nationally in the Wawa marketplace, having executed 135 transactions of Wawa-leased investment properties.
In 2024, SRS Capital Markets completed approximately $2.5 billion in deal volume comprised of more than 600 transactions in 45 states. SRS currently has in excess of 740 properties actively on the market with a market value surpassing $3.5 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with 29 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.