Marcus & Millichap Sells Newly Built Net-Leased Wawa Property In Wayne For $6.66M

The sale involved a newly built, net-leased Wawa property located at 1512 US Route 202 in Wayne, NJ. The deal was completed for a total transaction price of $6,655,052, covering a retail asset that spans 4,736 square feet and is situated on a 5.89-acre parcel of land. This property features eight fueling pumps and operates under a 20-year corporate ground lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,655,052
• Square Footage: 4,736
• Price Per Square Foot: $1,405
• Address: 1512 US Route 202, Wayne, NJ
• Market: Wayne
• Asset Acres: 5.89
• Brokers: David Crotts, Dean Zang & John Horowitz - Marcus & Millichap

Marcus & Millichap facilitated the transaction on behalf of the seller, with the buyer being a Maryland-based investor. The brokers involved in the deal were David Crotts, Dean Zang, and John Horowitz, representing the seller in this closing transaction.