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Wawa & McDonald’s | Penns Grove, NJ

Wawa & McDonald’s | Penns Grove, NJ

1 N Virginia Ave, Penns Grove, NJ 08069

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PROPERTY DETAILS

Combined Price

$7,113,095

Combined NOI

$350,000

Blended Cap Rate

4.92%

Property Overview

Equity Retail Brokers is pleased to present two free-standing buildings leased to Wawa and McDonald’s in Penns Grove, NJ. Both Wawa and McDonald’s are brand new construction, with Wawa being completed in August 2024 and McDonald’s expected to be completed in Q1 2025. Each tenant features a 20-year lease backed by full corporate guarantees – McDonald’s is rated “A” by S&P while Wawa is a privately held company with over 1,000 locations across the east coast.

 

*Wawa is available separately. Price $5,238,095 (5.25% Cap Rate)

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