700 BroadwayPennsville Township, NJ 08070

For Sale
$1,910,000

High-ROI Pennsville, NJ investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a Sunoco-branded gas station and convenience store in Pennsville Township, NJ. Located at 700 S Broadway, this single-story, 1,500-3,000 square foot building sits on a 30,000 square foot lot and includes ten gas pumps, three underground storage tanks (two 8,000-gallon and one 12,000-gallon, installed in 1994 and 2005), a convenience store with lottery and ATM services, and benefits from a high-traffic corner location with a traffic light. The property boasts a strong NOI of $253,000 and a compelling 13.25% cap rate. Built in 2005, this established business is strategically positioned near major retailers like Walmart and Dunkin' Donuts, capitalizing on high visibility and convenient access. The convenience store offers significant expansion potential, with opportunities to diversify product offerings and increase profitability. Further revenue streams could be generated by adding a Tesla charging station to cater to the growing EV market or by leasing space to a franchise. The property's proximity to a local NASCAR fan base provides a unique and dedicated customer segment. This is a value-add investment with a motivated seller, presenting a rare chance to acquire a thriving business in a prime location. The property's strong financials and potential for future growth make it an attractive proposition for discerning investors.

Highlights

  • Sunoco-branded gas station and convenience store in Pennsville Township, NJ, located at 700 S Broadway.
  • Single-story building, 1,500-3,000 square feet on a 30,000 square foot lot with ten gas pumps.
  • Three underground storage tanks (two 8,000-gallon and one 12,000-gallon; installed 1994 & 2005); convenience store with lottery and ATM.
  • High-traffic corner location with traffic light; strong NOI of $253,000 and 13.25% cap rate.
  • Built in 2005, near major retailers (Walmart, Dunkin'); significant expansion potential.

Property Details for 700 Broadway

Property type
Other retail properties, Automotive properties
Square Feet
1,500 SF
Year Built
2005
Buildings
1
Stories
1

Location Insight

City
Pennsville Township
County
Salem
State
New Jersey
Latitude
39.613969525392
Longitude
-75.502565838259
700 Broadway, Pennsville Township, New Jersey

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700 Broadway
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