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Off Market
1/8

1171 Saint George Ave
Roselle, NJ 07203


HIGHLIGHTS

  • New 20-Year Ground Lease | Corporate Guaranteed | Scheduled Rental Increases | New 2019 Construction
  • Absolute NNN | Land Ownership | Zero Landlord Responsibilities
  • Located at Signalized Intersection | Equipped With Monument Sign | Excellent Visibility & Frontage | Adjacent New Retail
  • Port of Newark ($100B in Goods Moved)
  • Proximity to New York City (8.4M People)
  • Nearby National/Credit Tenants | Dense Manufacturing & Industrial Market | 5-Miles to Newark International Airport

OVERVIEW

Wawa is strategically located at the signalized, hard corner intersection of Frank Street and E. St Georges Ave/State Highway 27 (combined 26,500 VPD), the primary retail thoroughfare for the city of Roselle. The site is equipped with a large monument sign, providing increased visibility along E. St Georges Ave. The property is poised to capture demand from the dense residential suburb in which it is located. Wawa is within close proximity to national retailers such as Aldi, Advance Auto Parts, 7-Eleven, Family Dollar, McDonald’s, Burger King, Popeyes, and more, increasing consumer traffic and promoting crossover shopping to the site. In addition, directly across the street is Citivillage, a 113-unit luxury apartment and 18,000 SF retail project which is currently under construction, providing a direct future residential consumer base from which to draw from. The property is also just 5-miles from Newark International Airport, the 15th busiest airport in the U.S. with over 46 million passengers shuttled in 2019. Wawa also benefits from a large density of manufacturing and industrial businesses which serve the Newark/New York metropolitan area, a direct daytime consumer base from which to draw from. In addition, the asset is not far (5-miles) from the Port of Newark, one of the busiest container ports in the world, moving over $100 billion in goods annually and the primary shipping and container facility for the northeastern quadrant of North America. The asset is just 15 miles from Staten Island, 23 miles from Brooklyn, and 25 miles from Midtown Manhattan (New York City), the most populated city in the U.S. with a population of over 8.4 million people. The 5-mile trade area is supported by a population of over 489,000 residents with an average household income of $91,871.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

4670

STORIES

1

YEAR BUILT

2019

SPRINKLERS

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PARKING SPACES

50

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

14-02604-0000-00007-01