Curated News
By: NewsRamp Editorial Staff
July 30, 2025

SRS Closes $7.5M Wawa Ground Lease in NJ, Highlighting Net Lease Demand

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TLDR

  • SRS Real Estate Partners secured a $7.5 million deal for a Wawa property, offering investors a management-free investment with long-term, passive income.
  • The 4,736-square-foot Wawa on 1.94 acres features a 20-year corporate-guaranteed lease, sold off-market to a local investor by SRS Capital Markets.
  • This transaction supports local investment and community growth, with the new Wawa enhancing convenience and economic activity in Jackson Township, NJ.
  • A Wawa sale marks Patrick Nutt's 138th nationwide, highlighting SRS's $1.2 billion deal volume this year and their influence in commercial real estate.

Impact - Why it Matters

This transaction highlights the robust demand for net lease properties, particularly those backed by national operators like Wawa, offering investors stable, long-term income with minimal management responsibilities. It also reflects the strategic importance of location and the growing trend of off-market deals in commercial real estate, providing insights for investors looking for passive income opportunities in high-growth areas.

Summary

SRS Real Estate Partners, a leading commercial real estate firm, has successfully negotiated a $7.5 million ground lease sale for a newly constructed Wawa convenience store in Jackson Township, NJ. The transaction, facilitated by SRS Capital Markets' Patrick Nutt and William Wamble, involved an East Coast-based developer and a New Jersey private investor, marking the 138th Wawa sale for Nutt. The property, strategically located at a signalized intersection near Interstate 195, comes with a 20-year corporate-guaranteed lease, offering a management-free investment. This deal underscores the high demand for prime net lease assets, as highlighted by Wamble. The sale was conducted off-market, tailored to the buyer's 1031 exchange needs and proximity preferences. The Wawa is part of a larger mixed-use development, promising robust customer traffic from nearby residential areas. SRS Capital Markets continues to demonstrate its market leadership, with over $1.2 billion in transactions this year.

Source Statement

This curated news summary relied on content disributed by citybiz. Read the original source here, SRS Closes $7.5M Wawa Ground Lease in NJ, Highlighting Net Lease Demand

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