231 US-206 - Service Station FOR SALE


Bordentown, NJ 08505
$795,000 USD
714-874-4004
231 US-206, Bordentown, NJ for Sale
$795,000 USD
Service Station - FOR SALE
1/15
null | Request Cap Rate

231 US-206
Bordentown, NJ 08505


HIGHLIGHTS

  • BONUS DEPRECIATION - Fee simple ownership Gas Station provides the landlord the opportunity to use accelerated Bonus depreciation model.
  • EXCELLENT TRAFFIC COUNTS - Approximately 49,200 vehicles per day pass BP on at the confluence of US Route 206 & US Route 130.
  • STRATEGIC LOCATION - The Property is situated at the convergence of US Route206 and US Route 130, two of the area’s primary routes.
  • MARKET DRIVERS - Located near Seven (7) Hotels/Motels, ShopRite, ALDI, Acme Markets, Tractor Supply, Dollar General, Pep Boys, AT&T and more.

OVERVIEW

Owner User Opportunity... Vacant Gas Station Prime Net Lease is pleased to present the exclusive opportunity to purchase the single-tenant BP Gas Station located at 231 NJ Route 206 in Bordentown, New Jersey (the “Property”). The Property has been operating as a successful gas station for over 50 years! The Property is improved with a convenience store (not currently ulitized), eight (8) fueling stations, a propane filling station, and an on-site air station and vacuum. An investor can take advantage of the tax benefits of Fee simple ownership of a convenience store and Gas Station provides, which gives the landlord the opportunity to use accelerated Bonus depreciation model. According to the TJCA, the property qualifies in two ways, with over 51% of gross revenues are derived from the sale of petroleum products and the C-store building is 1400 square feet or less. Consulting your Accountant or Tax Attorney is highly advised. Property is situated at the convergence of US Route 206 and US Route 130, two of the area’s primary commercial and commuter roadways. These two heavily trafficked roadways directly connect to Interstate 295 (1-mile away) and Interstate 95 (1.5-miles away). The Property lies less than 1-mile from downtown Borden town and is surrounded by densely populated residential neighborhoods and enjoys convenient access to area schools and retailers. The Property enjoys good visibility, signage, and frontage along US Routes 130 & 206. Bordentown is an affluent bedroom community of Philadelphia, located 30-miles northeast of the city.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$994 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BP Gas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

HC

APN/PARCEL ID

04-00119-0000-00011

ASK ABOUT THIS PROPERTY

Michael MatusikPrime Net LeaseMore Info
714-874-4004

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Michael MatusikPrime Net LeaseMore Info
714-874-4004

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