Purchase Price | $5,391,304 |
---|---|
Annual Rental Income | $310,000 |
Cap Rate | 5.75% |
Lease Term | 12 Years |
City | Wyckoff MSA |
7‑Eleven Triple Net Investment Opportunity
Wyckoff, New Jersey – New York–New Jersey MSA
This offering provides a rare opportunity to acquire a newly constructed 7‑Eleven convenience store and fueling station in the affluent community of Wyckoff, New Jersey, located within the nation’s largest and most dynamic metropolitan area: the New York–New Jersey MSA. Featuring a prime hard‑corner location, fee simple ownership, an absolute triple net lease, corporate guarantee, and rental escalations every five years, this asset delivers long‑term stability, steady growth, and significant tax advantages for the passive investor.
Location and Market Overview
The property is strategically positioned on a prominent hard corner at a signalized intersection in Wyckoff, one of the most sought‑after communities in Bergen County, New Jersey. Traffic counts at the site exceed 46,000 vehicles per day along the main frontage road, with an additional 22,000 to 28,000 vehicles traveling the intersecting roadway. This high‑visibility location ensures exceptional exposure to a steady stream of commuters, local residents, and regional traffic.
Wyckoff lies just 25 miles northwest of Midtown Manhattan and benefits from direct connectivity to New York City via major highways and commuter rail lines. Bergen County is one of the wealthiest counties in the United States, offering a stable, affluent consumer base and strong demand for daily convenience retail. The New York–New Jersey MSA is home to more than 20 million residents, making it the largest metro area in the country, and it remains one of the most resilient markets for real estate investment due to its population density, economic diversity, and limited land availability.
Demographics
The immediate trade area surrounding the property features exceptional demographics. Within a one‑mile radius, the average household income exceeds $160,000. Expanding to a three‑mile radius, average household income remains strong at $152,000, with a total population of approximately 62,000. Within a five‑mile radius, the population grows to over 160,000, with an average household income of $146,000. Per capita income in the five‑mile trade area is above $58,000, and more than 40 percent of households report incomes exceeding $200,000 annually.
These affluent demographics translate into a consumer base with substantial discretionary spending power, ensuring consistent demand for fuel, convenience retail, and prepared foods. Coupled with limited competition in the immediate area due to strict zoning in Bergen County, this location is ideally positioned for long‑term success.
Property Details
The subject property occupies an approximately 1.05‑acre parcel on a signalized hard corner. The site is designed with a state‑of‑the‑art fueling canopy, a modern convenience store building, and ample parking with multiple ingress and egress points for smooth traffic circulation. Prominent signage further enhances the property’s visibility to passing vehicles.
Ownership is fee simple, granting the buyer complete control of the land and improvements without the restrictions of a ground lease. This provides maximum flexibility for financing, long‑term planning, and exit strategies. The parcel’s size also offers long‑term redevelopment potential should the investor seek to reposition or expand the site in the future.
Lease Structure and Tenant Guarantee
The property is leased to 7‑Eleven, Inc. under an absolute triple net lease. The tenant is fully responsible for all property expenses, including taxes, insurance, and roof and structure maintenance. This structure ensures the landlord has no management obligations, creating a truly passive investment.
The lease features a 15‑year base term with four additional five‑year renewal options, for a total potential term of 35 years. Rental escalations of 10 percent occur every five years, guaranteeing income growth and inflation protection over the course of the lease.
The lease is secured by a corporate guarantee from 7‑Eleven, Inc., one of the world’s leading convenience retail brands. With an A‑rated credit profile and thousands of locations nationwide, 7‑Eleven provides unmatched financial strength and reliability. The tenant’s dominant position in the U.S. convenience store industry further enhances the security of this investment.
Tax Benefits and Bonus Depreciation
As a newly developed convenience and fueling property, the asset qualifies for bonus depreciation and accelerated cost segregation, offering substantial upfront tax benefits under current U.S. law. These advantages allow investors to significantly reduce taxable income in the early years of ownership. For high‑income individuals, family offices, and 1031 exchange buyers, the ability to combine secure, long‑term rental income with tax efficiency makes this offering especially compelling.
Surrounding Area and Trade Drivers
Bergen County, where Wyckoff is located, is one of the most affluent and desirable areas in the greater New York metropolitan region. Known for its top‑rated schools, strong community amenities, and proximity to Manhattan, the area attracts professionals, executives, and families seeking high quality of life and convenient access to the city.
The property benefits from proximity to several major highways, including Route 208, Route 17, and Interstate 287, as well as New Jersey Transit rail stations that provide daily commuter service into New York City. The strong transportation infrastructure ensures steady daytime and residential traffic.
Nearby retail includes grocery anchors, banks, quick service restaurants, and national retailers, all of which generate complementary traffic. Daytime population is supported by nearby medical facilities, professional office buildings, and schools. The limited availability of land for new retail development in Wyckoff and surrounding communities further enhances the long‑term value of this site.
Investment Highlights
Buyer Profile and Financing
This asset is ideally suited for 1031 exchange buyers, private investors, institutional funds, and family offices seeking a passive, long‑term investment with strong credit tenancy. The fee simple ownership and absolute NNN lease structure make the property highly financeable and attractive to lenders. Predictable rent escalations and tax advantages further strengthen the investment profile, appealing to buyers seeking both stability and growth.
Conclusion
This 7‑Eleven in Wyckoff, New Jersey, represents a premier net lease investment opportunity in one of the most affluent and supply‑constrained communities in the New York–New Jersey MSA. With its absolute triple net lease, corporate guarantee, escalating rental income, and fee simple ownership, the property offers investors both immediate stability and long‑term value. The affluent demographics, limited competition, and high‑traffic hard‑corner location ensure that this asset will remain a strong performer for decades to come.
Qualified investors are encouraged to request the full offering memorandum, financial details, and acquisition process information.