Wawa - Net Lease Property for Sale
North Bergen, NJ
Key Investment Metrics
Price
$9,991,000
Cap Rate
5.3%
Net Operating Income
$524,503
Building Size
5051 SF
Lot Size
5,051 SF
Land Area
1.33 Acres
Remaining Term
16.3 years
Lease Expiration
03/31/2042
Lease Term
20 years
Lease Commencement
03/30/2022
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2022
Occupancy
100%
Tenancy
Single
Rent Increases
15.24% incrs in yr 11, 10% incrs in yr 16 & 10% incrs at the beg of each option period
About This Wawa Net Lease Property
This Wawa NNN (triple net lease) property is located in North Bergen, NJ and represents an excellent investment opportunity for commercial real estate investors. The property features 5051 square feet of building space and was built in 2022.
With a cap rate of 5.3%, this Wawa net lease property offers stable income potential. The asking price is $9,991,000, making it an attractive option for 1031 exchange investors seeking quality Wawa commercial properties.
Why Invest in Wawa NNN Properties?
- Stable Income: Wawa net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Wawa is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
North Bergen, NJ Market Overview
Located in North Bergen, NJ, this Wawa property benefits from strong local demographics and market fundamentals. The North Bergen area offers excellent visibility and accessibility, making it an ideal location for Wawa operations and a solid investment for net lease property buyers.