January 3, 2025 – Kyle Danielson, Austin Smith and Michael Lombardi of Horvath & Tremblay have successfully completed the sale of Wawa in Berlin, New Jersey. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $5,243,446.
Wawa is located at 195 W White Horse Pike in Berlin, New Jersey. Wawa has occupied this location since its construction in 2010 and recently extended their lease demonstrating their commitment to the site and the market. Wawa has 16+ years remaining on their Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease calls for attractive rent increases every five years throughout the primary lease term and at the start of each of the five-year renewal options. Wawa is extremely well located at the signalized intersection of S Franklin Avenue and W White Horse Pike (US Route 30), one of the area’s primary commercial and commuter corridors. W White Horse Pike (US Route 30) provides direct access to Interstate 295 and Downtown Philadelphia. The Property is surrounded by densely populated residential neighborhoods and is close to area schools, providing a built-in customer base. The Property also offers convenient access to area retailers and restaurants which drives traffic to the area. Berlin is a suburb of Philadelphia, located 16-miles southeast of the city.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.