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Virtual Drive-By

Wawa Absolute NNN

White Horse Pike · Chesilhurst, NJ 08089 · Convenience / Fuel

Asking price
$6,500,000
Cap rate
5.00%
NOI
$325,000

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN
Term remaining20.0 yrs
Expiration—
Rent bumps—
Options—
Ground leaseNo
Credit profile—
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$1,164
Year built2026
Lot size5.94 ac
TypeConvenience Store, Gas Station
Days on market2

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

  • ​Brand New 20 Yr. NNN Ground Lease by Wawa Inc. - Grand Opening Sept 2026
  • ​High Profile & Affluent Community just Outside the South Jersey Shore/Atlantic City
  • ​Best in Class Tenant - Ranked #22 “America’s Largest Private Companies” - Huge AUV’s
  • ​Hyper Dense Suburb of Philadelphia - Investment Grade Credit - Dense Population Corridor
  • ​Brand New 2026 Prototype - Large 4.84 Acre Site - 10% Rent Bumps - Generational NNN Asset

Property overview

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire a new construction Wawa in Waterford Works, NJ.​ Wawa is ranked 21st on Forbes’ “America’s Largest Private Companies” (2025), has been family owned and operated for over 200 years and brings in over $18.6 billion in annual revenue.​ With a brand new 20-year corporate lease, six 5-year option periods with 10% rent increases every option period and no landlord responsibilities this asset is ideal for a 1031 exchange or an investor seeking long term passive cash flows.​

The new construction 5,585 SF convenience store with 5 MFD’s on massive 5.94-acre parcel is strategically positioned on the hard corner signalized intersection of S White Horse Pike (Hwy 33) and Waterford-Blue Anchor Road and benefits from excellent ingress/egress and visibility.​ The subject property prospers from proximity to the metropolis of Philadelphia and the tourism/gambling hub of the eastern seaboard.​ Philadelphia has an MSA Population exceeding 6.3 million and Atlantic City sees over 27 million visitors every year.​ This is a great opportunity to purchase a brand-new Wawa in the Greater Philadelphia Metro with a long-term corporate lease, no landlord responsibilities and strong rent increases providing investors with passive income for years to come.​

Take the next step on this property

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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.