Log In/Sign Up
Your email has been sent.
34 Merrill Creek Rd
Washington, NJ 07882
Merrill Creek Reservoir · Land For Sale
·
600.00 AC
INVESTMENT HIGHLIGHTS
- Long-Term, Absolute NNN Lease
- High Yield Asset
- Vital for Protection of Delaware River Drinking Water
- Bondable Lease to Investment Grade Tenant
- Critical Asset for the Region’s Power Companies
- Long-Term Residual Value & Likelihood of Renewal
EXECUTIVE SUMMARY
Strategic Water Infrastructure | 14.94% Yield | $7.7M Year-One Tax Savings
Backed by Investment-Grade Utility | 100% Bonus Depreciation | Compliance-Anchored Residual Northmarq is pleased to present a rarely available 8.37% interest in the Merrill Creek Reservoir—a 600-acre strategic water asset in Washington, NJ.
This offering is structured for tax-driven investors seeking immediate bonus depreciation and strong yield:
• $7.5M equity over loan assumption
• $7.7M year-one tax savings (2025 bonus depreciation qualified)
• 14.94% cap rate
• Absolute NNN lease to investment-grade utility (JCP&L / FirstEnergy)
• Zero landlord responsibilities
• Residual value supported by regulatory obligations and long-term power sector demand
Why It Matters:
With 100% bonus depreciation reinstated as of July 2025, this structure delivers more in tax savings than total equity invested.
For 1031 buyers and high-tax-burden investors, this is a compliance-anchored arbitrage opportunity—not just a piece of real estate.
A Closer Look
- 600-Acre Reservoir ~15.7B Gallons, Built in 1988
- Supports Delaware River & Drinking Water for 1M+ People
- Provides Backup for Power Plants During Droughts
- JCP&L Leases 8.37% of Rights
- 25 Power Stations Affiliated with MCR
- Imposed by Delaware River Basin Commission Protections
Backed by Investment-Grade Utility | 100% Bonus Depreciation | Compliance-Anchored Residual Northmarq is pleased to present a rarely available 8.37% interest in the Merrill Creek Reservoir—a 600-acre strategic water asset in Washington, NJ.
This offering is structured for tax-driven investors seeking immediate bonus depreciation and strong yield:
• $7.5M equity over loan assumption
• $7.7M year-one tax savings (2025 bonus depreciation qualified)
• 14.94% cap rate
• Absolute NNN lease to investment-grade utility (JCP&L / FirstEnergy)
• Zero landlord responsibilities
• Residual value supported by regulatory obligations and long-term power sector demand
Why It Matters:
With 100% bonus depreciation reinstated as of July 2025, this structure delivers more in tax savings than total equity invested.
For 1031 buyers and high-tax-burden investors, this is a compliance-anchored arbitrage opportunity—not just a piece of real estate.
A Closer Look
- 600-Acre Reservoir ~15.7B Gallons, Built in 1988
- Supports Delaware River & Drinking Water for 1M+ People
- Provides Backup for Power Plants During Droughts
- JCP&L Leases 8.37% of Rights
- 25 Power Stations Affiliated with MCR
- Imposed by Delaware River Basin Commission Protections
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Industrial |
| No. Lots | 1 | Proposed Use | Water Retention Facility |
| Property Type | Land | Total Lot Size | 600.00 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Water Retention Facility |
| Total Lot Size | 600.00 AC |
1 LOT AVAILABLE
Lot
| Lot Size | 600.00 AC |
| Lot Size | 600.00 AC |
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase 100% of the membership interests in the Jersey Central Power & Light Company’s, Merrill Creek Reservoir, located in Washington, NJ and operates under ABS NNN.
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
