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Virtual Drive-By

Wawa Absolute NNN

3161 Quakerbridge Rd · Hamilton Township, NJ 08619 · Convenience / Fuel

Asking price
$2,262,000
Cap rate
6.00%
NOI
$135,705

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Lease

Lease typeAbsolute NNN
Term remaining17.1 yrs
Expiration08/2043
Rent bumps10% Every 5 Years
Options6X 5 YEAR
Ground leaseYes
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF5,585
Price / SF$405
Year built2023
Lot size2.31 ac
TypeConvenience Store, Gas Station
Days on market31

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

PROPERTY HIGHLIGHTS​

  • ​Rare, Low Price Point Opportunity to Acquire the Leasehold Interest of a Wawa
  • ​Tremendous Potential Upside with a Purchase Option for the Land at Fair Market Value in 2033
  • ​17+ Years Remain on An Absolute Net Lease with Wawa with Zero Landlord Responsibilities
  • ​Wawa Lease is Corporately Guaranteed by Wawa, Inc, one of the Nation's Leading Convenience Retailers
  • ​Wawa has 1,200+ Locations with Revenue of $18.9 Billion
  • ​Attractive 10% Increases Every 5 Years with Six (6), Five (5) Year Options in Wawa Lease
  • ​Next Rent Increase is less than 2.5 Years Away in September 2028
  • ​Leasehold Interest is Subject to a Long-Term Ground Lease, Coterminous with the Wawa Lease
  • ​Both a Right of First Offer and a Right of First Refusal Protect Investor's Interest in the Land During the Base Term & Options of Land Lease
  • ​Surrounded by Synergistic National Retailers Such as Walmart, ACME, ShopRite, Five Guys, Taco Bell, Dunkin, Checkers, Citizens, One Main Financial and More
  • ​Combined Traffic Counts Exceed 63,100 Vehicles Per Day

LOCATION HIGHLIGHTS

• Positioned at the Signalized Intersection of Quakerbridge Road (29,700 VPD) and Flock Road (33,400 VPD)

• Affluent Community with Average Household Income Exceeding $130,000 in a 1-Mile Radius

• Dense Population with over 230,155 People within a 5-Mile Radius

• 0.5 Miles to the On & Off Ramp of I-295, a Major North-South Bypass, Connecting Southern New Jersey to Philadelphia and Delaware

• I-295 Runs Parallel to the NJ Turnpike, Providing Access to other Major Routes such as I-76, Route 42 and I-195

• Hamilton is Known as a Convenient Commuter Suburb Due to its Close Proximity to Major New Jersey Arteries such as the New Jersey Turnpike (I-95), I-295, US Route 1, and, US Route 130

• 5 Miles to the State Capitol of Trenton which supports a Total Workforce of over 73,000 Employees and 30 State Agencies

• 7.5 Miles to Princeton University, One of the Largest Private Employers in Central New Jersey with a Total Economic Impact Estimated at $2 Billion Annually

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.