Equity Retail Brokers is pleased to exclusively offer for sale to qualified investors the opportunity to purchase a single-tenant NNN ground lease to in Cherry Hill, NJ.
Wawa, Inc is a privately held convenience store chain with more than 840 locations in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, and Florida. Wawa is ranked #36 among America’s largest private companies and has an annual revenue of over $8.9 billion.
Cherry Hill, NJ is a major Philadelphia suburb on the New Jersey side of the Delaware River. Being just 10 minutes from Center City Philadelphia, Cherry Hill has a vibrant retail market, strong office population, and large commuter population. The subject property is located on Haddonfield Road and directly across from the entrance to Towne Place at Garden State Park, a bustling lifestyle center which includes tenants such as Wegman’s, Home Depot, Chick-Fil-A, Starbucks, Nordstrom Rack, Cheesecake Factory, Panera Bread, and many more.
The subject property was built in 2019 and is subject to a 20-year ground leases, which offers zero landlord responsibilities. There are attractive rental increases through the initial term of the lease and options.