1702 South Burnt Mill Road in Voorhees — Courtesy: Wolf Commercial Real Estate
By Joshua Burd
An investor has purchased the site of a triple-net-leased Wawa store in the Camden County township of Voorhees, under a recent deal by Wolf Commercial Real Estate.
The buyer, Hammonton 1 LLC, paid an undisclosed price in the transaction with seller Voorhees WHR Partners LLC, WCRE announced. The deal at 1702 South Burnt Mill Road comes as Wawa Inc. has entered into a new 20-year, triple-net ground lease at the 2.87-acre parcel, the site of a 5,585-square-foot store with four gas pumps, which benefits from a location at the signaled intersection of White Horse Road and South Burnt Mill Road.
WCRE Managing Principal Jason Wolf represented the buyer in the 1031 like-kind exchange transaction. In announcing the deal, he noted that the property is a half-mile from Route 30, a predominantly four-lane highway that runs from the Benjamin Franklin Bridge in Camden County southeast to Atlantic County and averages 36,167 vehicles per day.
