A South Jersey Wawa entered a new 20-year agreement for its Voorhees location.
Following the acquisition of the site at 1702 S. Burnt Mill Road, Wawa entered a triple net ground lease for the retail spot, WCRE announced Aug. 4. Situated on 2.87 acres of land the property features a 5,585-square-foot store and four gas pumps.
WCRE represented Hammonton 1 LLC in its purchase of the property from Voorhees WHR Partners LLC. Financial terms of the deal were not disclosed.
According to the firm, whose South Jersey office is in Marlton, the sale adds to its growing number of completed investment and 1031 exchange transactions in the region.
The property is positioned at the signaled intersection of White Horse Road and South Burnt Mill Road, offering three points of access. It is a half mile from White Horse Pike/Route 30, which runs from the Benjamin Franklin Bridge in Camden County to Atlantic City, averaging about 36,000 vehicles per day.
According to WCRE, Wawa operates more than 800 locations in the Mid-Atlantic region and Florida and reported more than $9.1 billion in annual revenue. The location in Voorhees is one of four the convenience retailer’s website says will open soon in the Garden State.
For more information about Voorhees retail space for sale or lease in Voorhees or about any other Voorhees properties for sale or lease, please contact WCRE at 856-857-6300.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Voorhees commercial real estate broker that provides a full range of Voorhees commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Voorhees commercial properties for buyers, tenants, investors and sellers.
Please visit our websites for a full listing of Voorhees commercial properties for lease or sale through our Voorhees commercial real estate brokerage firm.
