Wawa

Wawa Convenience Store Net Lease Investment Opportunity
Morristown, NJ MSA
Absolute Triple Net Lease | Fee Simple Ownership | Premier Northeast Location

This offering presents a rare opportunity to acquire a brand-new Wawa convenience store and fueling station located in the Morristown, New Jersey Metropolitan Statistical Area. Featuring a long-term 15-year absolute triple net (NNN) lease, this asset provides secure, management-free income from one of the most recognized and fastest-growing convenience store operators in the United States. Positioned in a dense, affluent suburban market in northern New Jersey, this Wawa represents an excellent long-term net lease investment.

Location and Market Overview
The Morristown MSA, part of the greater New York City metro area, is one of the most affluent and desirable suburban markets in the Northeast. The region is known for its proximity to Manhattan, high-income residential communities, top-rated schools, and a robust employment base in finance, healthcare, technology, and professional services. Morristown also serves as a transit hub with direct rail service into New York City, making it an attractive location for both commuters and long-term residents.

The subject Wawa is strategically located on a hard-corner intersection along a major arterial road with daily traffic counts exceeding 42,000 vehicles. Its prominent location provides excellent visibility, easy ingress and egress, and a steady stream of both commuter and local customer traffic. The surrounding area features a mix of national retailers including Whole Foods, Costco, Home Depot, and Target, as well as numerous quick-service restaurants and service providers, ensuring consistent consumer activity.

Demographics
The surrounding trade area offers exceptional demographics that strongly support Wawa’s proven convenience and fueling model. Within a three-mile radius, the population exceeds 87,000 residents with average household incomes of $138,000. Expanding to five miles, the population grows to more than 184,000, with household incomes averaging $131,000. These affluent demographics ensure strong consumer spending and consistent tenant performance.

Property Details
The property features a state-of-the-art Wawa prototype totaling approximately 6,000 square feet on a 2-acre parcel, complemented by a fueling station with multiple dispensers. The site layout includes ample parking, clear signage, and convenient access points designed to handle heavy traffic volumes. Built to Wawa’s latest construction standards, the store includes a full-service food and beverage program and modern operational efficiencies.

Ownership is offered fee simple, granting full control of both land and improvements, ensuring long-term security and investment stability.

Lease Structure and Tenant Guarantee
The property is secured by a brand-new 15-year absolute triple net (NNN) lease. Under the lease terms, Wawa is responsible for all operating expenses, including real estate taxes, insurance, and maintenance, offering a truly passive investment. The lease includes 10% rental increases every five years, ensuring predictable income growth over the term.

Wawa, Inc., with more than 1,000 locations across the East Coast, is one of the most successful convenience store operators in the U.S. Known for its strong customer loyalty, industry-leading fresh food program, and high sales volumes, Wawa continues to expand aggressively in New Jersey and the greater Northeast. Its established reputation and corporate-backed guarantee provide exceptional credit security for investors.

Surrounding Area and Trade Drivers
Morristown is among the most desirable suburban markets in New Jersey, attracting high-income professionals, families, and retirees. Its location within commuting distance to Manhattan further supports long-term demand for retail and essential services. The subject property benefits from nearby office parks, high-density residential communities, and top-tier schools, generating consistent daily traffic. The area’s affluent demographics and commuter-driven retail activity make it a premier location for Wawa.

Investment Highlights

• Brand-new 15-year absolute triple net (NNN) lease with Wawa, Inc.
• Fee simple ownership of a 2-acre parcel with a 6,000-square-foot modern prototype convenience store and fueling station.
• Tenant responsible for all property expenses, ensuring 100% passive income.
• Scheduled 10% rental increases every five years, providing dependable income growth.
• Corporate guarantee from Wawa, a dominant and rapidly growing convenience retailer with over 1,000 locations.
• Prime Morristown MSA location with daily traffic counts exceeding 42,000 vehicles.
• Exceptional demographics: 87,000+ residents within three miles and 184,000+ within five miles, with average household incomes exceeding $130,000.
• Surrounded by major national retailers and located in a high-demand suburban corridor.
• Highly attractive to 1031 exchange buyers, REITs, and institutional investors seeking secure, long-term net lease investments.

Buyer Profile and Financing
This property is ideally suited for 1031 exchange buyers, REITs, and institutional investors seeking stable, long-term, management-free cash flow. Wawa’s strong corporate guarantee and absolute NNN lease provide lenders with confidence, supporting highly favorable financing terms.

Conclusion
This Wawa property in the Morristown, NJ MSA represents a premier single-tenant net lease investment. With a 15-year absolute NNN lease, scheduled rent escalations, and a prime location in one of New Jersey’s most affluent suburban markets, this property delivers secure, predictable income with excellent long-term appreciation potential.

Qualified investors are encouraged to request the full offering memorandum, lease abstract, and financial details.