Entity Owned Property summary
This exceptional investment opportunity presents a newly constructed Wawa convenience store located at 1 N Virginia Ave, Penns Grove, NJ 08069. The property boasts a 5,061 square foot building on a 1.98-acre lot, featuring 56 parking spaces and excellent visibility on North Virginia Avenue, with two points of ingress and egress. The property benefits from a 20-year net lease (NNN) with a corporate guarantee from Wawa, Inc., commencing August 14, 2024, and expiring August 30, 2044. The lease… includes 10% rent bumps every five years, providing significant long-term growth potential. The property is zoned H-C/I (Highway Commercial/Industrial) and enjoys high traffic counts, approximately 25,000 vehicles daily (2022 data). The strong demographics, with 81,143 people within a 5-mile radius, further enhance the investment's appeal. The asking price is $5,238,095, representing a 5.25% cap rate with a current Net Operating Income (NOI) of $275,000. This is a rare opportunity to acquire a high-performing, long-term net lease investment anchored by a financially strong, nationally recognized brand. The property's strategic location and favorable lease terms make it an attractive addition to any investment portfolio. Year built: 2024.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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 · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
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 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 19,883 SF
- Lot area
- 2.91 ac
- Year built
- 1960
- Stories
- 1
- APN
- 08 00035-0000-00017
- Assessed value · 2023
- $2,028,100
- Annual tax · 2022
- $104,792
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
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 any signals we can model, to 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.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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