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Wawa 301 Old White Horse Pike 5,585 SF 100% Leased Retail Building Waterford Works, NJ 08089 $6,500,000 ($1,163.83/SF) 5% Cap Rate
Investment Highlights
- Brand New 20 Yr. NNN Ground Lease by Wawa Inc. - Grand Opening Sept 2026
- Best in Class Tenant - Ranked #22 “America’s Largest Private Companies” - Huge AUV’s
- Brand New 2026 Prototype - Large 4.84 Acre Site - 10% Rent Bumps - Generational NNN Asset
- High Profile & Affluent Community just Outside the South Jersey Shore/Atlantic City
- Hyper Dense Suburb of Philadelphia - Investment Grade Credit - Dense Population Corridor
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire a new construction Wawa in Waterford Works, NJ. Wawa is ranked 21st on Forbes’ “America’s Largest Private Companies” (2025), has been family owned and operated for over 200 years and brings in over $18.6 billion in annual revenue. With a brand new 20-year corporate lease, six 5-year option periods with 10% rent increases every option period and no landlord responsibilities this asset is ideal for a 1031 exchange or an investor seeking long term passive cash flows.
The new construction 5,585 SF convenience store with 5 MFD’s on massive 5.94-acre parcel is strategically positioned on the hard corner signalized intersection of S White Horse Pike (Hwy 33) and Waterford-Blue Anchor Road and benefits from excellent ingress/egress and visibility. The subject property prospers from proximity to the metropolis of Philadelphia and the tourism/gambling hub of the eastern seaboard. Philadelphia has an MSA Population exceeding 6.3 million and Atlantic City sees over 27 million visitors every year. This is a great opportunity to purchase a brand-new Wawa in the Greater Philadelphia Metro with a long-term corporate lease, no landlord responsibilities and strong rent increases providing investors with passive income for years to come.
The new construction 5,585 SF convenience store with 5 MFD’s on massive 5.94-acre parcel is strategically positioned on the hard corner signalized intersection of S White Horse Pike (Hwy 33) and Waterford-Blue Anchor Road and benefits from excellent ingress/egress and visibility. The subject property prospers from proximity to the metropolis of Philadelphia and the tourism/gambling hub of the eastern seaboard. Philadelphia has an MSA Population exceeding 6.3 million and Atlantic City sees over 27 million visitors every year. This is a great opportunity to purchase a brand-new Wawa in the Greater Philadelphia Metro with a long-term corporate lease, no landlord responsibilities and strong rent increases providing investors with passive income for years to come.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,585 SF
Year Built
2026
Construction Status
Under Construction
Price
$6,500,000
Price Per SF
$1,163.83
Cap Rate
5%
NOI
$325,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.02
Lot Size
5.94 AC
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
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Wawa | 301 Old White Horse Pike
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