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Wawa Fueling Station | ±1.95 AC | NNN GL 336 S Pitney Rd 6,985 SF Retail Building Galloway, NJ 08205 $4,069,808 ($582.65/SF) 5.75% Cap Rate
Investment Highlights
- Investment Grade Credit: The lease is backed by Wawa Inc., which has a credit rating of BBB from Fitch.
- Strong Placer.ai Data: According to Placer.ai, this Wawa location has attracted over 918k visitors in the past 12 months.
- Robust Daytime Traffic: The site benefits from a strong daytime population, including drivers AtlantiCare Regional Hospital and Stockton University
Executive Summary
Equity CRE is pleased to exclusively offer the opportunity to acquire a parcel that holds Wawa gas pumps in Galloway, NJ. This asset is secured by a NNN ground lease, with initial term extending through August 31, 2033, and six additional 5-year renewal options. The lease is guaranteed by Wawa, one of the dominant gas station and convenience store brands in the Mid-Atlantic, and in 2025 generated a revenue of $18.64 billion. Operating more than 1,100 locations, Wawa continues to expand its footprint while maintaining its position as one of the most sought-after tenants in the net lease sector.
Wawa occupies a premier retail position in Galloway, New Jersey at the intersection of S Pitney Road (11,001 VPD) and E Jimmie Leads Road (12,525 VPD), with nearby tenants including ShopRite, Starbucks, and CVS. The site is located approximately 8 miles from Atlantic City, which attracts over 27 million visitors annually. The site also benefits from its positioning in a well-traveled commercial area with direct connectivity White Horse Pike and the Garden State Parkway, supporting consistent traffic flow through the corridor.
Wawa occupies a premier retail position in Galloway, New Jersey at the intersection of S Pitney Road (11,001 VPD) and E Jimmie Leads Road (12,525 VPD), with nearby tenants including ShopRite, Starbucks, and CVS. The site is located approximately 8 miles from Atlantic City, which attracts over 27 million visitors annually. The site also benefits from its positioning in a well-traveled commercial area with direct connectivity White Horse Pike and the Garden State Parkway, supporting consistent traffic flow through the corridor.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
6,985 SF
Building Class
C
Year Built
2013
Price
$4,069,808
Price Per SF
$582.65
Cap Rate
5.75%
NOI
$234,014
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.95 AC
Zoning
CVC
Frontage
Amenities
- 24 Hour Access
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $491,800 | |
| Land Assessment | $111,900 | Total Assessment | $603,700 |
Property Taxes
Parcel Numbers
Land Assessment
$111,900
Improvements Assessment
$491,800
Total Assessment
$603,700
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