The property involved in the transaction is a newly constructed Wawa property in Lakehurst, located at 604 Pine Street. It was purchased by a private investor for $6.5 million. The property features 16 fuel pumps, a modern convenience store, and operates on a 20-year lease. It is strategically positioned near Route 70, experiencing high daily traffic, and is in close proximity to retailers like ShopRite and Lowe’s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,500,000
• Address: 604 Pine Street
• Market: Lakehurst

The transaction was facilitated by Derrick Dougherty, Mark Krantz, Nick Geaneotes, and Scott Woodard of Marcus & Millichap. They represented the parties involved in the sale of the Wawa property, which is a significant addition to the real estate portfolio in Lakehurst.