QuickChek Carlstadt
720 Washington Street, Carlstadt, NJ, 07072, US
£7,479,000 | 5,496 sf
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the opportunity to acquire the brand-new construction Wawa located at the corner of 45th Street & North Military Trail in West Palm Beach, Florida ("Property" or "Asset"). The Property is situated on a large, 1.49-acre parcel that features 16 fuel pumps. Wawa will operate on a 20-year absolute NNN ground lease with 8.0% rent escalations every 5-years starting in the 11th lease year and continuing throughout all six, five-year renewal options.
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Attributes
Asking price
£6,266,000
Cap rate
4.4%
NOI
£276,000
Remaining lease term
20 years
Year built
2026
Building area net
5,636 sf
Media
Investment Highlights
- Corporate-backed lease to the 3rd largest private Convenience and Gas in the U.S.
- 20.0 Years of primary lease term
- Absolute NNN ground lease with zero landlord responsibilities
- 230K Total Population within a 5-mile radius
- Wawa ranks 22nd among U.S. private companies with $18.4B revenue in 2024
- Nearby Cacti Sports Park, Thomas H. Corey VA Medical Center, & Rapids Water Park
- $108K average household income within a 5-mile radius
- Signalized intersection with direct visibility to 105,000+ VPD
- Dense residential corridor with 3,376 apartment units in development within a 7-mile radius
- 93% increase in millionaires since 2013 & $39B in new wealth & income post-pandemic (across Palm Beach County)
Contact brokers
Wawa - West Palm Beach, FL (0 Properties)
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Last updated
30 Mar 2026
