This offering features a BP-branded gas station located along NJ-17 in Mahwah, New Jersey, backed by a corporate-guaranteed NNN ground lease. The tenant, BP Products North America Inc., maintains an investment-grade credit rating with Fitch affirming an A+ long-term outlook. The lease structure provides for zero landlord responsibilities, covering taxes, insurance, utilities, repairs, and maintenance, including the roof and structure.
The property benefits from approximately 5.5 years remaining on the base term, plus four 5-year renewal options, alongside scheduled 10% rent increases every five years. The next increase occurs on 10/01/2026, and the seller will credit the income difference at closing.
Strategically positioned on a high-traffic corridor with visibility to over 103,800 vehicles per day, the 0.5-acre site includes a 428 SF convenience store and 32 on-site parking spaces. This location is surrounded by strong national retailers and quick-service restaurants, including McDonald’s, Starbucks, Burger King, The Home Depot, and TD Bank, driving substantial traffic counts and strong retail synergy.
Mahwah’s affluent demographics and proximity to corporate campuses, major highways, and popular retail destinations create long-term stability for this asset. Investors will find durable income from a leading global energy company, a stable lease structure, and minimal maintenance obligations.