A South Jersey Wawa settled for a brand new 20-year-old for his Voorhees location.
Following the acquisition of the location at 1702 S Burne Mill Highway, Wawa entered right into a triple internet floor lease for retail house, WCRE introduced on August 4. The property, positioned on 2.87 acres of land, has a 5,585 sq ft store and 4 gasoline pumps.
WCRE represented Hammonton 1 LLC within the buy of belongings from Voorhees WHR Companions LLC. Monetary phrases of the deal weren’t disclosed.
In line with the agency, which has its South Jersey workplace in Marlton, the sale led to a full funding within the area and a rising variety of 1031 change transactions.
The property is positioned on the indicated intersection of White Horse Highway and South Burn Mill Highway, providing three factors of entry. It’s a half mile from White Horse Pike/Route 30, which runs from the Benjamin Franklin Bridge in Camden County to Atlantic Metropolis, averaging about 36,000 automobiles per day.
In line with WCRE, Wawa operates greater than 800 places within the Mid-Atlantic area and Florida and has reported greater than $9.1 billion in annual income. The situation facility in Voorhees is certainly one of 4 that may quickly open within the Backyard State, in line with the retailer’s web site.