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BP Gas Station 536 Alps Rd 2,500 SF 100% Leased Retail Building Wayne, NJ 07470 $3,000,000 ($1,200/SF) 5.87% Cap Rate
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- Corporate Lease – BP Products North America Inc. - Institutional-Credit Tenant Profile | S&P Rating ("A-")
- Strategic Northern New Jersey (Passaic County) Location Situated In Wayne, NJ Within A Dense, High- Barrier-To-Entry Suburban Market
- 3-Pumps | 6-Fuel Stations | 4-Bay Auto-Service Component
- Built-In Rental Growth Structure | 10% Rent Increase During Base Term With Scheduled Increases Throughout Each Option Period
- Excellent Regional Connectivity | Immediate Access To Route 23, Route 46, And Interstate 80 Serving Northern New Jersey And NYC Commuter Traffic
Executive Summary
Absolute NNN Lease | Zero Landlord Responsibilities
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
2,500 SF
Building Class
C
Year Built
1999
Price
$3,000,000
Price Per SF
$1,200
Cap Rate
5.87%
NOI
$176,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.06
Lot Size
1.00 AC
Zoning
4A - Commercial
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Freeway Visibility
- Storage Space
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 14-00903-0000-00028 | Improvements Assessment | $327,000 |
| Land Assessment | $313,700 | Total Assessment | $640,700 |
Property Taxes
Parcel Number
14-00903-0000-00028
Land Assessment
$313,700
Improvements Assessment
$327,000
Total Assessment
$640,700
Contacts
-
Deno Bistolarides -
Isaac Chabot -
Brent Hanna -
Encore Real Estate Investment Services
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BP Gas Station | 536 Alps Rd
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