Listing Contacts
Kenneth Yanni
License: PA RS323884
Stuart Conston
License: PA AB051909L
Edward Ginn
License: PA RM050201A
Asking Price
$7,777,777
Address
1413 NJ-36
Hazlet, NJ
Property Details
Asking Price
$7,777,777
Property Type
Retail
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Tenancy
Single
Remaining Term
20 years
Square Footage
5,051
Price/Sq Ft
$1,539.85
Cap Rate
4.50%
Occupancy
100%
NOI
$350,000
Year Built
2020
Lot Size (acres)
2.5
Rent Bumps
10% Every Five Years
Gas Pumps
12
Property Description
Equity Retail Brokers is pleased to exclusively offer for sale to qualified investors the opportunity to purchase a single-tenant Wawa with a new 20 year ground lease in Hazlet, NJ.

  • Brand new 2020 construction with store opening expected in early Spring 2020
  • 20 years of firm initial term (commences at time of store opening)
  • Ideal 10% increases every 5 years of lease term
  • Absolute NNN ground lease with no landlord responsibilities
  • Located in Hazlet, NJ which is part of the New York MSA
  • 46 Miles from Manhattan
  • 60 Miles from Philadelphia¬†
  • Site sits on Route 36, benefiting from over 41,000 VPD and is located 0.6 miles from the entrance to the Garden State Parkway
  • The site is within commuter distance to Manhattan and sits on the going-to-work side of Route 36

Property Highlights

  • Price: $7,777,777
  • Cap Rate: 4.50%
  • NOI: $350,000
  • Lease Term: New 20 Year Lease
  • Lease Type: Ground Lease