QuickChek Carlstadt
720 Washington Street, Carlstadt, NJ, 07072, US
MYR 40,204,000 | 511 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Wawa at 1951 Edgar Road in Linden, New Jersey (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease with ±17.7 years of primary lease term remaining, 10% rent escalations every 5 years and six, five-year options. Wawa is #21 on Forbes’ list of 2025 Largest Privately Held Companies, and the largest private company in PA.
NJ Broker of Record: Jose Cruz, License #: NJ-8743725
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Attributes
Asking price
MYR 36,956,000
Cap rate
5%
NOI
MYR 1,848,000
WAULT
17.7 years
Building area net
469 m²
Year built
2023
Media
Investment Highlights
- ±17.7 years remaining on corporate Wawa absolute NNN ground lease
- Outparcel to Linpark Square that generates 1.3 million visits annually
- 3 miles to Newark Airport with 49 million annual passengers
- Direct access via US Route 1/9, New Jersey Turnpike & I-278 with 416,000 VPD
- Strong demographics with 515,000 residents earning $116K in 5-mile radius
- Wawa is the #21 largest private company in the U.S.
- Union County is one of New Jersey’s fastest growing counties
Contact brokers
Wawa - Linden, NJ (0 Properties)
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Last updated
14 Jan 2026
