Marcus & Millichap Brokers $5.5M Sale of Wawa in Ewing Township

by David Cohen

EWING TOWNSHIP, N.J. — Marcus & Millichap has brokered the sale of a newly constructed Wawa convenience store/gas station at 1300 Silvia Street in Ewing Township for $5.5 million. Ewing Township is four miles northwest of Trenton. The sale price represents a capitalization rate below 5 percent. Jason Petrick of Marcus & Millichap represented the seller, a private REIT, in the transaction and procured the 1031 exchange buyer.

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