Wawa Mountain Lakes_Property for Sale
Wawa Mountain Lakes_Property for Sale
372 Route 46, Mountain Lakes, NJ, 07046-1795, US

Wawa Mountain Lakes

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale a brand-new freestanding Wawa (the “Property”) located in Mountain Lakes, Morris County, New Jersey. Mountain Lakes is an affluent suburb of New York City (36 miles Northwest) composed of 53,000+ people within a 3-mile radius and well-above-average household income levels of $122,422. The new 20-year absolute NNN lease structure of this highly sought-after tenant offers zero landlord responsibilities and a steady, predictable cash flow.

The Property is new 2023 construction with a 20-year lease in place.



Building area Gross
519 m²
Year built


Investment Highlights

  • Brand New 2023 Construction With In-Demand Tenant
    • Newly constructed 5,585 SF freestanding Wawa prototype inclusive of gas pumps
    • Highly sought-after tenant given Wawa’s dominance as a small format grocer and convenience store.
    • Wawa ranked in the top 25 of Forbes’ list of America’s Largest Private Companies in 2022.

  • 20-Year Lease With Double Digit Rental Increases
    • New 20-year lease with double-digit rental increases provides a bondable cash flow and an effective hedge against inflation
    • Absolute NNN Ground Lease structure results in minimal Landlord responsibilities and optimal income

  • Immediate Connection To Major Thoroughfares US Route 46 And Interstate 80
    • 39,000+ VPD along Route 46
    • 151,500+ VPD along I-80
    • 30 miles Northwest of New York City

  • Excellent Demographics And Local Economic Drivers 
    • Situated in one of the most populous and affluent counties in the country with 53,000+ people and an average HHI of
    • $122,422 within a 3-mile radius
    • Located minutes from Mountain Lake's Corporate Center, as well as a 600+ unit senior living facility and a popular retail corridor

Contact brokers

Wawa Mountain Lakes (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
8 Mar 2023