SRS Real Estate Partners Facilitates $7.5 Million Wawa Ground Lease Sale in New Jersey
The $7.5 million ground lease sale of a Wawa in Jackson Township, NJ, underscores the robust demand for prime net lease properties and highlights strategic investment opportunities in high-growth areas.
The recent $7.5 million ground lease sale of a newly constructed Wawa property in Jackson Township, NJ, by SRS Real Estate Partners signifies a strong market for net lease assets, particularly those backed by nationally recognized operators. The property, located at 598 Cedar Swamp Road, was sold to a New Jersey-based private investor, marking the 138th Wawa sale nationwide for lead broker Patrick Nutt. This transaction not only reflects the investor's confidence in the property's location and the tenant's corporate guarantee but also the strategic approach of SRS Capital Markets in matching buyers with suitable investment opportunities.
The 4,736-square-foot Wawa sits on 1.94 acres at a signalized intersection, offering high visibility and convenient access, factors that significantly enhance its value as a management-free investment. The property comes with a 20-year corporate-guaranteed lease, eliminating landlord responsibilities and providing the buyer with long-term, passive income. According to William Wamble, Executive Vice President & Principal with SRS Capital Markets, the sale is a testament to the enduring demand for top-tier net lease assets in high-growth corridors.
This Wawa is part of a larger mixed-use development that includes a liquor store and proposed retail space, further increasing its appeal. The proximity to the new Gardens at Jackson multifamily community is expected to provide a steady customer base, adding to the property's investment allure. The sale was conducted off-market, a strategy that underscores SRS's ability to leverage its extensive network and market knowledge to facilitate transactions that meet specific investor criteria.
SRS Capital Markets has been active in the commercial real estate sector, completing over $1.2 billion in deal volume this year alone. With more than 350 transactions across the nation and over 845 properties currently on the market, SRS continues to be a leading force in the industry. For more information on SRS Real Estate Partners and their services, visit https://srsre.com.