List Search

75 US Highway 206
Stanhope, NJ 07874

$5,093,458 USD

Freestanding For Sale  •  5,900 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 5,900 SF
  • Lot Size 2.6 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 5.35 %
  • Tenancy Single
  • Zoning V-B
0 Transit Score
41 Walk Score

Highlights

19+ Year Absolute Net Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
Brand New 2024 High Quality Construction. 24-Hour Convenience Store and Gas Station. This Site Features 12 Fueling Pumps.
Wawa is located at a signalized intersection on Route 206 and Lackawanna Drive, with visibility to 28k+ vehicles daily. Immediate Access to/from I-80.
Wawa is one of the Largest Convenience Store Chains in the United States with 1,000+ Locations and Serving more than 800 Million People Annually.
Affluent New Jersey Highlands Community - Serves as a Commuter Hub to Newark and New York City.
Located just off Interstate 80 - the Nation’s Second-Longest Highway, which connects San Francisco to NYC.
Cap Rate: 5.35 %

Major Tenants

Tenant SF Occupied Lease End Date
Wawa 5,585 SF 11/30/2044

Amenities

  • Pylon Sign

Public Transportation

Commuter RailDriveWalkDistance
Mount Olive (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 2.3 mi
Netcong (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit), Morris & Essex Morristown Line - NJ Transit Commuter Rail (NJ Transit)) 4 min - 2.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 47
Type: Surface
Included in Rent: Yes
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap