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    156 Stony Rd Edison, NJ 08817

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    For Sale
    $7,019,000

    NNN ground lease Wawa located 25 miles from New York.

    Property size:
    4,736 SF
    Lot size:
    1.99 Acres

    Property Features for 156 Stony Rd

    General Information

    Size
    4,736 SF
    Lot size
    1.99 Acres

    Source: Forged Real Estate Agent Marco DiPrinzio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Ground Lease Wawa

    The property is located at the corner of US-1 and Stony Road in Edison, New Jersey, approximately 25 miles southwest of New York City. Situated within the New York MSA, the largest in the country with a population of 19,617,900 people, the location benefits from high traffic volume, with US-1 boasting 94,800 vehicles per day. The property is occupied by Wawa under an absolute NNN ground lease with 16.5 years of firm term remaining, offering a passive ownership structure. The lease includes ten percent (10%) rental increases every five years, including during the option periods. The property size is 4,736 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    H Mart Edison, H ma r t, 99 Ranch Market

    Location Insight

    • Map
    • Local Demand
    City
    Edison
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.3930639
    Latitude
    40.5068506

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    FAQs

    What type of property is this?
    Grocery and convenience store - NNN ground lease Wawa located 25 miles from New York.
    Where is this grocery and convenience store located?
    The property is located at 156 Stony Rd Edison, NJ.
    What is the asking price?
    The asking price for this property is $7,019,000.
    What are key features of this property?
    This property features: - PRIME LOCATION: Corner of US-1 (94,800 VPD) and Stony Road in Edison, New Jersey, within the New York City MSA.; - ABSOLUTE NNN GROUND LEASE: Offers hands-off, passive ownership.; - Rental increases every 5 years, including option periods.
    (610) 608-2621
    Request Owner's contact information
    156 Stony Rd Edison, NJ 08817
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    156 Stony Rd
    Edison, NJ 08817
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    156 Stony Rd Edison, NJ 08817
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