Successful Ground Lease Sale of Wawa in Jackson Township, NJ

July 31, 2025 - 01:09

A newly constructed Wawa in Jackson Township, New Jersey, has successfully completed a ground lease sale valued at $7.5 million. This transaction features a 20-year corporate-guaranteed lease, ensuring stability and reliability for the investment. The sale highlights the increasing demand for well-located convenience stores, especially in rapidly growing areas.

Broker Patrick Nutt, who facilitated the deal, has marked a significant milestone in his career with this transaction, as it represents his 138th Wawa sale across the nation. This achievement underscores Nutt's expertise and strong presence in the commercial real estate market, particularly in the convenience store sector.

The sale not only reflects the ongoing expansion of Wawa, a popular convenience store chain, but also illustrates the appeal of Jackson Township as a prime location for retail investments. As consumer preferences continue to shift towards convenience, properties like this Wawa are likely to attract significant investor interest in the future.