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Property profile & analytics
OFF-MARKET Estimated value $445,000
Gas stations

700 Broadway Pennsville, NJ 08070-2659

2,296 SF 0.46 ac lot
Trust Owned 6-yr Hold Free & Clear
Property ID
US59-0727404
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Construction CONCRETE BLOCKS
Total area 2,296 SF
Lot 0.46 ac (20,234 SF)
Zoning code CM
APN 09 04201-0000-00001
UPID US59-0727404
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sunoco Gas Station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k
Owner & transaction history
700 S Broadway Trust · 6 yrs held
700 S Broadway Trust
since 2019
2 recorded transactions
2019
Price N/A
2010
$825,000
Zoning & alternative use
CM · Pennsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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