275 W White Horse Pike Egg Harbor City, NJ 08215
20-year Wawa ground lease with zero landlord responsibilities.
Property size:
4,685 SFLot size:
2.20 AcresProperty Features for 275 W White Horse Pike
General Information
- Size
- 4,685 SF
- Lot size
- 2.20 Acres
Source:
Moodyscre
Listing Agent: Stephen R. Preuss
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Ground Lease Wawa Investment
This property features a Wawa location operating under an absolute NNN ground lease. Wawa, a large private company with over 1,000 locations and $18.8 billion in 2024 reported earnings, signed a 20-year ground lease in 2017, set to expire in 2037, with six five-year options. The lease structure provides a management-free investment opportunity, as the tenant is responsible for base rent, real estate taxes, insurance, and all repairs and maintenance, including the roof and structure. The property is strategically located at the signalized corner of W White Horse Pike and Pomona Rd, benefiting from an Average Annual Daily Traffic (AADT) of approximately 13,000. It offers easy access and favorable exposure with three curb cuts and 842 feet of linear frontage along three roadways. Situated across the street from the Atlantic City International Airport, the second most visited airport in New Jersey and ranked in the top 30% nationwide, the location is also within a 12-mile, or 20-minute drive to Downtown Atlantic City. The surrounding area has favorable demographics, including a population of over 58,000 within a 5-mile radius and an average household income of $131,154 within a 3-mile radius. The property size is 4,685 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Gas stations
Location Insight
- Map
- Local Demand
- City
- Egg Harbor City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.576901
- Latitude
- 39.479996
Nearby Similar for Sale
FAQs
What type of property is this?
Gas station - 20-year Wawa ground lease with zero landlord responsibilities.
Where is this gas station located?
The property is located at 275 W White Horse Pike Egg Harbor City, NJ.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: - Absolute NNN Ground Lease: Enjoy a management-free investment.; - Long-Term Lease: Wawa signed a 20-year ground lease in 2017 expiring in 2037, with (6) five-year options.; - Strong Tenant: Benefit from Wawa's financial stability (S&P: BBB credit rating).