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BP Gas Station

$2,933,000

536 Alps Rd, Wayne, NJ 07470

Active
Last Updated: 05/21/2026

6

Cap Rate

176,000

NOI

Details:
Cap Rate:    6%
NOI:    $176,000
Building Size:    2,651 sqft
Lot Area:    1 acres
Year Built:    1999
Highlights:
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • 3-Pumps | 6-Fueling Stations | 4-Bay Auto-Service Garages
  • 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
Description:

High-Visibility Corner Location – Positioned at the signalized intersection of Alps Road and a major cross street, offering strong visibility and effortless access for daily commuters.
• Dominant Traffic Exposure – Surrounded by dense residential neighborhoods and key commercial corridors that drive consistent fuel and convenience store demand.
• Established Fuel Brand – BP branding delivers strong customer recognition, stable fuel sales, and a proven retail draw.
• Affluent, High-Density Trade Area – Wayne is known for strong incomes, steady population growth, and consistent consumer spending, supporting long-term performance.
• Excellent Accessibility – Multiple ingress/egress points allow for efficient traffic flow and easy entry from both directions.
• Proximity to Major Routes – Convenient access to Route 23, Route 46, and I-80, capturing regional traffic and strengthening site fundamentals.
• Strong Surrounding Co-Tenancy – Close to national retailers, restaurants, and service-oriented businesses that reinforce the site’s destination appeal.
• Recession-Resistant Asset Class – Fuel, convenience retail, and automotive services remain durable across economic cycles

High-Visibility Corner Location – Positioned at the signalized intersection of Alps Road and a major cross street, offering strong visibility and effortless access for daily commuters.
• Dominant Traffic Exposure – Surrounded by dense residential neighborhoods and key commercial corridors that drive consistent fuel and convenience store demand.
• Established Fuel Brand – BP branding delivers strong customer recognition, stable fuel sales, and a proven retail draw.
• Affluent, High-Density Trade Area – Wayne is known for strong incomes, steady population growth, and consistent consumer spending, supporting long-term performance.
• Excellent Accessibility – Multiple ingress/egress points allow for efficient traffic flow and easy entry from both directions.
• Proximity to Major Routes – Convenient access to Route 23, Route 46, and I-80, capturing regional traffic and strengthening site fundamentals.
• Strong Surrounding Co-Tenancy – Close to national retailers, restaurants, and service-oriented businesses that reinforce the site’s destination appeal.
• Recession-Resistant Asset Class – Fuel, convenience retail, and automotive services remain durable across economic cycles

Map:
Location