144 State Route 17 - Service Station FOR SALE


Mahwah, NJ 07430
$3,800,000 USD
201-742-6118
144 State Route 17, Mahwah, NJ for Sale
$3,800,000 USD
Service Station - FOR SALE
1/14
null | 6.24% Cap Rate

144 State Route 17
Mahwah, NJ 07430


HIGHLIGHTS

  • Corporate-guaranteed NNN ground lease with no landlord responsibilities.
  • Situated on 0.5 Acres and Zoned B40 Highway Business with Many Permitted Uses
  • Improvements include a 428 SF convenience store and 32 dedicated parking spaces.
  • 5.5 years remaining on base term with four 5-year renewal options.
  • Surrounded by national retailers and quick-service operators driving consistent consumer traffic.
  • Positioned along NJ-17 with exposure to over 103,800 vehicles daily.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$8,879 USD /SF

CAP RATE

6.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN BP Gas Station(Fitch A+ Credit)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

B-40

APN/PARCEL ID

33-00132-0000-00005,33-00132-0000-00006

ASK ABOUT THIS PROPERTY

Alan CafieroMarcus & MillichapMore Info
201-742-6118

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Alan CafieroMarcus & MillichapMore Info
201-742-6118

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.