195 White Horse Pike Berlin, NJ 08009-2021

Property Details for 195 White Horse Pike

Construction

CONCRETE BLOCKS

Lot size

3.50 lot acres

Zone code

C-2

Property type

Commercial real estate

APN

05 00607-0000-00016- 01

APU

50060700000001601

Description

This exceptional investment opportunity presents a 4,131 square foot Wawa convenience store and gas station located at 195 W White Horse Pike in Berlin, New Jersey. Built in 2010, this single-story building sits on a 3.47-acre lot and boasts a 100% occupancy rate with a corporate-guaranteed Absolute NNN lease. The current lease features attractive rent bumps every five years and includes four, five-year renewal options, providing a secure, long-term investment with a projected NOI of $280,000 and a 5.25% cap rate. The property benefits from a prime location at a signalized intersection of major roadways, providing excellent visibility and accessibility. This high-traffic area is surrounded by dense residential neighborhoods, schools, and numerous other retail establishments, ensuring a consistent customer base. The lease requires zero landlord responsibilities, making this an ideal passive investment opportunity with significant upside potential. The asking price is $5,333,335. The property's strong demographics, with over 58,900 people within a 3-mile radius and an average household income exceeding $112,623, further solidify its investment appeal. Daily traffic counts exceeding 27,800 vehicles underscore the property's strategic location and high visibility. This Wawa ground lease offers investors long-term security, excellent corporate backing, and strong underlying real estate fundamentals.