75 US Highway 206 - Freestanding FOR SALE
Stanhope, NJ 07874 |
$5,190,500 USD
858-373-3184
75 US Highway 206
Stanhope, NJ 07874
HIGHLIGHTS
- 19+ Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Brand New 2024 High Quality Construction. 24-Hour Convenience Store and Gas Station. This Site Features 12 Fueling Pumps.
- Wawa is located at a signalized intersection on Route 206 and Lackawanna Drive, with visibility to 28k+ vehicles daily. Immediate Access to/from I-80.
- Wawa is one of the Largest Convenience Store Chains in the United States with 1,000+ Locations and Serving more than 800 Million People Annually.
- Affluent New Jersey Highlands Community - Serves as a Commuter Hub to Newark and New York City.
- Located just off Interstate 80 - the Nation’s Second-Longest Highway, which connects San Francisco to NYC.
OVERVIEW
Wawa C-Store & Gas | 19+ Year Absolute Net Ground Lease | 24 Hour Store w/ 12 Pumps | Signalized Hard Corner Location | Brand New 2024 Construction | Near Interstate-80 - Access to NYC & Newark | Adjacent to CVS | Across from ShopRite-Anchored Center | Affluent Area: $147k+ Avg. HHI
New Jersey Broker of Record: John Horowitz | 250 Pehle Ave., Suite 501 Saddle Brook, NJ 07663 | P: 212-430-5261 | Lic #: 2192359 | John.Horowitz@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$5,190,500 USD
PRICE/SF
$929 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
WAWA C-STORE & GAS | ABS. NET GROUND LEASE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.6 AC
LAND SF
113,256 SF
ZONING
-
APN/PARCEL ID
04-00034-0000-00015
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858-373-3184
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858-373-3184
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