SRS Real Estate Partners Facilitates $7.5 Million Ground Lease Sale for Wawa in Jackson Township

SRS Real Estate Partners has announced the completion of a $7.5 million ground lease sale for a newly constructed Wawa located at 598 Cedar Swamp Road in Jackson Township, NJ. This transaction underscores the enduring appeal of net lease investments, particularly those backed by nationally recognized operators like Wawa. Represented by SRS Capital Markets' Patrick Nutt and William Wamble, the sale was made to a New Jersey-based private investor, marking the 138th Wawa sale nationwide for lead broker Patrick Nutt.

The property, a 4,736-square-foot Wawa on 1.94 acres, benefits from a prime location at the signalized intersection of Cedar Swamp Road and West Commodore Boulevard, near Interstate 195. It comes with a brand-new 20-year corporate-guaranteed lease, offering the investor a management-free investment opportunity. William Wamble, Executive Vice President & Principal with SRS Capital Markets, remarked on the property's appeal, stating, "This Wawa offered the buyer long-term, passive income backed by a nationally recognized operator in a high-growth corridor."

The sale was conducted off-market after the original 1031 exchange buyer could not secure another Wawa property listed by SRS. The firm then proposed this location, which matched the investor's criteria and was conveniently located near his primary residence. The Wawa is part of a larger mixed-use development that includes a liquor store and proposed retail space, featuring hard-corner frontage, easy access, and excellent visibility. The nearby Gardens at Jackson multifamily community is expected to provide a steady customer base for the Wawa.

This transaction is part of SRS Capital Markets' impressive track record this year, having completed over $1.2 billion in deal volume across more than 350 transactions nationwide. With over 845 properties currently on the market valued at more than $3.7 billion, SRS continues to lead in the commercial real estate sector. For further details, visit https://srsre.com.