Property summary
This exceptional investment opportunity presents a brand-new, 5,585-square-foot Wawa convenience store situated on a highly visible 2.6-acre corner lot in Byram, New Jersey. The property boasts a 20-year NNN ground lease with a corporate guarantee from Wawa, Inc., a credit-worthy tenant with a Fitch shadow rating of "BBB+". The lease commenced in November 2024 and includes 10% rent bumps every five years, ensuring consistent income growth. Located at the signalized intersection of Route 206… and Lackawanna Drive, this strategically positioned property benefits from high daily traffic volume (28,053 vehicles per day) and proximity to a high-performing ShopRite center with over 2 million annual customer visits. The location is also advantageous due to its adjacency to a CVS pharmacy and Chase Bank, and its proximity to two area schools. Limited competition in the immediate area further enhances the property's investment potential. The affluent Sussex County submarket, with an average household income exceeding $113,000 within a three-mile radius, provides a strong and stable customer base. This property offers a compelling combination of a strong tenant, a prime location, and a long-term lease, making it an ideal addition to any investment portfolio. The property's NOI is $272,500, resulting in a 5.00% cap rate and an asking price of $5,450,000. The lease includes six five-year renewal options.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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