1 N Virginia Ave, Penns Grove, NJ 08069
Combined Price
$7,113,095
Combined NOI
$350,000
Blended Cap Rate
4.92%
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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