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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F265214d9-bdd8-4b7b-a39e-54a164014ff9%2Fae47f444-1652-4b18-b078-07e16a5a23f5" onerror="this.style.display='none'" alt="Wawa Image" style="object-fit: cover; width: 200px;" />
 Retail 
 
 Wawa
 
 Wildwood, NJ 
 By Marcus &amp; Millichap

 <a href="/user/71cc285c-7005-4369-8fb9-9d98d53b32b1" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Derrick Dougherty</a>
 
 Senior Vice President Investments
 
 
 <a href="tel:215-531-7026" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">215-531-7026</a>
 

 <a href="https://platform.reverecre.com/project/265214d9-bdd8-4b7b-a39e-54a164014ff9" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

Senior Director Investments

Senior Vice President Investments

LEGACY RELOCATION TO SUPER WAWA FORMAT | BRAND NEW 2026/2027 CONSTRUCTION

Ground-up 2026-2027 construction featuring Wawa’s latest Super Wawa prototype, a 6,372 SF convenience store with 5 fueling lanes – representing an estimated $7-$7.5 million tenant investment in construction

FIRST NEW GAS STATION ON THE ISLAND SINCE 2022 | PRIME DOWNTOWN WILDWOOD POSITIONING

Rare barrier-to-entry opportunity as the first new fuel station developed on 5-Mile Island in over 3 years

Located in the heart of downtown Wildwood along New Jersey Avenue, the main commercial corridor connecting North Wildwood and Wildwood Crest

Built on 1.39 acres featuring an ample 47 parking spaces

PROVEN LOCAL BRAND PERFORMANCE | TOP-RANKED WAWA LOCATIONS NEARBY

Two other Wildwood-area Wawa locations rank in the top 5% and top 50% locally by visits (Placer.ai), with one nearby location ranking #1 of 11 Wawas within 15 miles at 1.4M annual visits

LONG-TERM NNN GROUND LEASE | 20 YEARS REMAINING

20-year base term plus six 5-year renewal options extending potential occupancy through 2077

Rent increases 10% every 5 years throughout the base term and every option period – a contractual inflation hedge spanning five decades

Sales Team

Marcus & Millichap's Dougherty Team is offering a brand-new Super Wawa at 3400 New Jersey Avenue in downtown Wildwood, NJ, for $7,684,211, a 4.75% cap rate on $365,000 in annual rent. The store relocates Wawa's existing nearby location to a 6,372 SF prototype with 5 fueling lanes and 47 parking spaces on a 1.39-acre corner lot at a signalized intersection along the town's main commercial corridor. The NNN ground lease is corporately guaranteed by Wawa, Inc. (BBB, Fitch) and carries zero landlord responsibilities. Rent is expected to commence around May 21, 2027, and runs a 20-year base term with six 5-year options through 2077, with 10% increases every five years throughout. The site is billed as the first new fuel station on Five Mile Island in over three years, in a Cape May County market that draws more than 9 million tourists a year, with nearby Wawas already ranking among the region's top performers by foot traffic.

The Dougherty Team, an elite group of investment sales professionals, focuses exclusively on multi-tenant shopping centers and net-leased investments throughout the United States advising private investors, developers, and institutions in both acquisitions and dispositions. Lead by Derrick Dougherty, a Director of both the National Retail Group and the Net-Leased Properties Group of Marcus & Millichap, Derrick has consistently ranked amongst the firm's top agents.His professional career started with Marcus & Millichap in 2008, where he went on to win Rookie of the Year. Shortly after joining Marcus & Millichap, Derrick partnered up with Mark Taylor and Dean Zang, which would eventually be called TZD Retail (Taylor-Zang-Dougherty). Collectively, they built one of the most reputable and active retail investment teams on the east coast. In their last two years of partnership, TZD Retail brokered 200+ transactions and $1 billion in investment properties across the country. In 2017, Derrick was presented an opportunity to form The Dougherty Team, based in Philadelphia, PA. His partners are Scott Woodard, Steve Garthwaite, and Mark Krantz. The Dougherty Team has quickly become one of the most well-respected retail teams in the industry. In 2019, The Dougherty Team listed and closed 37 transactions on a national, regional and local level.As a Delaware County, Pa. native, Derrick is a graduate of Cardinal O'Hara high school in Springfield, PA and Lycoming College in Williamsport, Pa., where he played football and basketball. After graduating college, Derrick worked for the Pittsburgh Pirates in their minor league system broadcasting baseball games on the radio in markets throughout the northeastern part of the country. He and his wife, Kristen, have two daughters, Brooklyn and Skylar, and a son, Max. In his spare time, Derrick enjoys traveling with his family, coaching field hockey, and attending college and professional sporting events.

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