FAQ: SRS Real Estate Partners' $7.5 Million Ground Lease Sale of Wawa in Jackson Township, NJ

Summary
SRS Real Estate Partners facilitated a $7.5 million ground lease sale of a newly constructed Wawa in Jackson Township, NJ, highlighting the demand for top-tier net lease assets and the strategic value of the location.
What was the transaction amount for the Wawa ground lease sale in Jackson Township, NJ?
The transaction amount was $7.5 million for the ground lease sale of the Wawa property.
Who represented the seller in the transaction?
Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, an East Coast-based preferred Wawa developer.
How many Wawa sales has lead broker Patrick Nutt completed nationwide?
Patrick Nutt has completed 138 Wawa sales nationwide.
What are the key features of the Wawa property sold?
The 4,736-square-foot Wawa sits on 1.94 acres at a signalized intersection, features a 20-year corporate-guaranteed lease with zero landlord responsibilities, and is part of a broader mixed-use development.
Why is this sale significant?
This sale is significant because it demonstrates the continued demand for top-tier net lease assets and offers the buyer long-term, passive income backed by a nationally recognized operator in a high-growth corridor.
Where is the Wawa property located?
The Wawa property is located at 598 Cedar Swamp Road in Jackson Township, NJ, just south of Interstate 195.
Who was the buyer of the Wawa property?
The buyer was a New Jersey-based private investor, attracted by the property’s proximity to his primary residence and its investment potential.
What does the broader mixed-use development include?
The broader mixed-use development includes a liquor store, proposed retail space, and is near the new Gardens at Jackson multifamily community, providing a built-in customer base.
How much deal volume has SRS Capital Markets completed this year?
SRS Capital Markets has completed more than $1.2 billion in deal volume this year, comprising over 350 transactions across the nation.
Where can I find more information about SRS Real Estate Partners?
For more information about SRS Real Estate Partners, please visit their website at srsre.com.

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