271 Monmouth Rd - Freestanding FOR SALE


Freehold, NJ 07728
$5,816,000 USD
973-632-1386
271 Monmouth Rd, Freehold, NJ for Sale
$5,816,000 USD
Freestanding - FOR SALE
1/6
null | 4.9% Cap Rate

271 Monmouth Rd
Freehold, NJ 07728


HIGHLIGHTS

  • New 20-Year Ground Lease | Below Market Rent | Corporate Guaranty (Fitch: Shadow-Rated BBB) | Scheduled Rental Increases
  • Brand New Construction | Absolute NNN Ground Lease | No Landlord Responsibilities
  • Strong Local Demographics | Affluent Trade Area
  • Signalized, Hard Corner Intersection | Excellent Visibility
  • Strong Neighboring Retail Performance
  • New Adjacent Housing Development

OVERVIEW

SRS Real Estate Partners is pleased to present the opportunity to acquire the leased fee interest in a brand-new, absolute NNN ground leased Wawa property located in Freehold, New Jersey. The tenant, Wawa, Inc., a nationally recognized fuel and convenience store operator, recently signed a new 20-year ground lease backed by a corporate guaranty. The lease includes six (6) 5-year renewal options and features 10% rent increases every five years during both the base term and renewal periods, providing stable, long-term income growth and a hedge against inflation.The lease is backed by Wawa, a Fitch shadow-rated BBB tenant and one of the most prominent privately held companies in the U.S., ranked as the largest in Pennsylvania and the 22nd largest nationwide by Forbes (2022). The rent at this location is below market compared to similar Wawa sites in affluent trade areas, creating potential upside at renewal and enhancing long-term value. With an anticipated store opening in October 2025, the newly constructed property will operate under a true absolute NNN ground lease. The tenant is responsible for all taxes, insurance, and maintenance, offering investors a passive, management-free ownership experience.

FOR SALE DETAILS

PRICE

$5,816,000 USD

PRICE/SF

$1,228 USD /SF

CAP RATE

4.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Wawa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

3.3 AC

LAND SF

143,748 SF

ZONING

B-2

APN/PARCEL ID

17-00101-0000-00014

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.