SRS Real Estate Partners Facilitates $7.5 Million Wawa Ground Lease Sale in New Jersey

SRS Real Estate Partners has announced the completion of a $7.5 million ground lease sale for a newly constructed Wawa property located at 598 Cedar Swamp Road in Jackson Township, NJ. This transaction underscores the sustained interest in high-quality net lease properties, particularly those occupied by nationally recognized operators like Wawa. The sale was brokered by Patrick Nutt and William Wamble of SRS Capital Markets, representing the seller, an East Coast-based preferred Wawa developer, with the buyer being a New Jersey-based private investor. This deal marks the 138th Wawa sale nationwide for lead broker Patrick Nutt, showcasing the firm's expertise and leadership in the commercial real estate sector.

The property, a 4,736-square-foot Wawa on 1.94 acres, is strategically positioned at the signalized intersection of Cedar Swamp Road and West Commodore Boulevard, near Interstate 195. It comes with a brand-new 20-year corporate-guaranteed lease, offering the buyer a management-free investment opportunity. William Wamble, Executive Vice President & Principal with SRS Capital Markets, highlighted the property's appeal, stating, 'This Wawa offered the buyer long-term, passive income backed by a nationally recognized operator in a high-growth corridor.' The property was sold off-market, a testament to SRS's ability to match investors with properties that meet their specific criteria.

Located within a broader mixed-use development that includes a liquor store and proposed retail space, the Wawa benefits from hard-corner frontage, excellent visibility, and convenient access. The nearby Gardens at Jackson multifamily community further enhances the site's attractiveness by providing a built-in customer base. SRS Capital Markets has been active in the commercial real estate market, completing over $1.2 billion in deal volume this year alone, comprising more than 350 transactions nationwide. With over 845 properties currently on the market, valued at more than $3.7 billion, SRS continues to demonstrate its significant role in the industry.