Northmarq arranges $5.9M sale of newly built Wawa in Hazlet, NJ

HAZLET, N.J. — Joel Cukier, senior vice president of Northmarq’s Los Angeles office, brokered the $5.9 million sale of a newly constructed Wawa convenience store located at 3008 NJ-35 in Hazlet, New Jersey.

Northmarq represented the buyer, Sixteen Broadway Corp. The seller was Onyx Equity.

“We were pleased to advise our client in the sale of a management-intensive property and facilitate their transition into a more suitable passive-ownership 1031 exchange property, resulting in a seamless transition,” said Cukier.

The single-tenant retail asset spans 5,585 square feet on a 1.54-acre lot and includes eight fueling stations. Built in 2024, the site offers 50 parking spaces, 177 feet of frontage along NJ-35, and sits just 300 feet from a signalized intersection with premier access for commuters.

Located as an outparcel of Hazlet Town Center, a newly redeveloped 196,000-square-foot shopping center anchored by ALDI, Burlington and Planet Fitness, the property benefits from strong co-tenancy and proximity to major national retailers such as Costco, ShopRite, The Home Depot, Lowe’s, Starbucks and Chick-fil-A.