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SUPER WAWA C-STORE & GAS | NYC METRO 7408 Tonnelle Ave

5,051 SF Retail Building North Bergen, NJ 07047 $10,490,060 ($2,077/SF) 5% Cap Rate

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Investment Highlights

17+ Year NNN Ground Lease Featuring a 15.24% Rental Increase in 2032 and 10% Increase Every 5-Years Thereafter throughout the Initial Term & Options.
Extremely Dense and Affluent Area w/ over 1.66M People Residing w/in a 5-Mile Radius - Average Household Income of $134k+ w/in a 3-Mile Radius.
In Close Proximity to MetLife Stadium - Home of the New York Giants and the New York Jets.

Wawa is one of the Largest Convenience Store Chains in the United States with 1,000+ Locations and Serving more than 800 Million People Annually.
Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 35k Vehicles.
Located in one of the World’s Most Competitive and Highly Sought after Metros - The Site is in a Dense, Mixed-use, In-fill location.

Executive Summary

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,051 SF

Building Class

Year Built

2022

Price

$10,490,060

Price Per SF

$2,077

Cap Rate

NOI

$524,503

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

1.33 AC

Parking

44 Spaces (8.71 Spaces per 1,000 SF Leased)

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