1340 BLACKWOOD CLEMENTON RD Clementon NJ 08021-5610

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a brand-new, twenty-year, Wawa ground lease located at 1340 Blackwood Clementon Road in Gloucester Township, New Jersey (“the Property”).​ The convenience store and gas station are currently under construction with an anticipated rent commencement date on or about November 14, 2022.​ The new Absolute NNN ground lease offers 10% rent increases every five years throughout the primary term and at the start of all six of the five-year renewal options.​ The new construction Wawa is extremely well located at the signalized intersection of Blackwood Clementon Road and Cherrywood Drive, with convenient access from both roadways as well as Plaza Drive.​ Blackwood Clementon Road is the area’s primary commercial corridor and is and connects with NJ Route 42 (North South Freeway) which provides direct access to downtown Philadelphia.​ Gloucester Township is a suburb of Philadelphia, located 8-miles southwest of the city.​ The Wawa ground lease offers investors long-term security with excellent corporate backing, significant capital investment by Wawa, strong underlying real estate fundamentals and zero management responsibilities.​

​​LONG-TERM GROUND LEASE: The Wawa corporate ground lease has an initial 20-year term with six, 5-year renewal options.

​ATTRACTIVE RENT INCREASES: The ground lease features attractive 10.0% rent increases every five years throughout the base term and at the start of each option period, providing the investor with an attractive hedge against inflation.

​NEW CONSTRUCTION: The Property is currently under construction with the rent commencement date anticipated on 11/14/2022.

CORPORATE LEASE: Wawa convenience stores are one of the most sought-after triple net lease investment properties in the market today due to their strong corporate backing and excellent underlying real estate fundamentals.

​​ZERO LANDLORD RESPONSIBILITIES: The Wawa ground lease requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, and repairs, making it an attractive investment for the passive real estate investor.

​​STRATEGIC RETAIL LOCATION: The Property is set along a primary roadway in the densely populated residential city of Gloucester Township. The Property is strategically located at the signalized intersection of Blackwood Clementon Road and Cherrywood Drive, with convenient access from both roadways as well as Plaza Drive. Blackwood Clementon Road is the area’s primary commercial corridor and intersects with NJ Route 42 (North-South Freeway) 1.4-miles to the west. The North South Freeway provides convenient access to Interstates 295 & 76 as well as downtown Philadelphia. Wawa is 1-mile from Highland Regional High School and 2-miles from Camden County College.

​TRADE AREA: Additional retailers driving traffic to the area include the Gloucester Premium Outlets, Shop Rite, Save A Lot, Dave & Buster’s, Planet Fitness, Rite Aid, Walgreens, CVS, Dollar Tree, Family Dollar, Advance Auto Parts, AutoZone, Napa, Starbucks, Chipotle, McDonald’s, Wendy’s, KFC, Taco Bell, Popeyes, Dunkin’, and 7-Eleven.

TRAFFIC COUNTS: More than 23,400 vehicles per day pass the Property along Blackwood Clementon Road.

STRONG DEMOGRAPHICS: Over 92,400 people live within 3-miles of the Property, and impressive 212,100 people live within a 5-mile radius of the Property with an average household income of $96,315.