•	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 1,030+ locations
•	Brand new 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
•	The lease features 10% rental increases every 5 years starting in lease year 6 and at the beginning of each option period
•	Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
•	No landlord responsibilities
•	Ideal management-free investment

Offering Memorandum

•	The subject property is strategically positioned on the border of New Jersey & Philadelphia, just 16 miles SE of Philadelphia and approximately 50-miles NE of Atlantic City, two large tourist destinations
•	Rowan College of South Jersey (6,600 students) is less than 3-miles from the subject property while Rowan University is just 5-miles (15,200 students) away
•	Deptford Mall is a Super Regional Mall located less than 5-miles north of Wawa consuming over 1,000,000 SF with major retailers such as Dick’s, Boscov’s, Macy’s and many others
•	This site is situated at the hard corner, signalized intersection of State Highway 47 (31,800 VPD) and Blackwood-Barnsboro Road (8,400 VPD)
•	Washington Township is conveniently located on the N-S Freeway (State Hwy 42) a the beginning of the Atlantic City Expressway, within a 10-mile radius there is access to Interstate 295, 95, 675 and New Jersey Turnpike
•	The asset benefits from significant street frontage and multiple points of ingress/egress, providing convenience and ease for customers
•	Population counts exceed 181,000 individuals
•	Features an average household income of $122,600

Washington Township (Sewell), NJ - Wawa

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<p>Ivy Kwon joined SRS Real Estate Partners in 2017 and is a Senior Marketing Associate in the Newport Beach office. Ivy is responsible for online marketing including social media and email marketing for SRS’ Capital Markets team. She also oversees pipeline management and coordinates events. Before joining SRS, Ivy worked in the entertainment industry doing marketing and merchandising. </p><p>Ivy has a BA degree from Chapman University. </p>

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Washington Township (Sewell), NJ - Wawa

Description

Location

Contact

Patrick Nutt

William Wamble