Listed by Encore Real Estate Investment Services, Bang Realty, Encore Real Estate Investment Services NYC
$2,933,000
BP Gas Station
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,651
Cap Rate 6%
NOI $176,000
Occupancy 100%
Tenancy Single
Brand/Tenant BP Gas Station
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 10/31/2028
Remaining Term 2.3
Rent Bumps Yes
Lease Options 6, 5-Year Options
Price per SqFt $1,106
Year Built 1999
Buildings 1
Stories 1
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/16/2018
Rare Corporate Guarantee | Fee-Simple Ownership | Depreciable Asset | Actual Property Photo
Investment highlights
Absolute NNN Lease | Zero Landlord Responsibilities
3-Pumps | 6-Fuel Stations | 4-Bay Auto-Service Component
Corporate Lease – BP Products North America Inc. - Institutional-Credit Tenant Profile | S&P Rating ("A-")
Built-In Rental Growth Structure | 10% Rent Increase During Base Term With Scheduled Increases Throughout Each Option Period
Strategic Northern New Jersey (Passaic County) Location Situated In Wayne, NJ Within A Dense, High- Barrier-To-Entry Suburban Market
Excellent Regional Connectivity | Immediate Access To Route 23, Route 46, And Interstate 80 Serving Northern New Jersey And NYC Commuter Traffic
Affluent Demographics: 3-Mile Population Exceeds 84,098 W/ An Average Household Income Of $167,771
Listing Contacts
Listed by Encore Real Estate Investment Services, Bang Realty, Encore Real Estate Investment Services NYC
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$176,000.00
$14,666.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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