156 Us-40 Penns Grove, NJ 08069
This 0.89-acre commercial land parcel in Penns Grove, New Jersey, presents a unique investment opportunity. Located at 156 US-40, this single-tenant property sits on a highly visible corner lot at a signalized intersection, boasting exceptional exposure to significant daily traffic. The property is zoned General Commercial (GC), allowing for a wide range of uses including professional offices, retail stores, restaurants, medical facilities, and more. Its strategic location between major distribution centers like Amazon and McLane further enhances its appeal. With an average daily traffic count of 11,784 vehicles (2018 data) on US Route 40, this site offers unparalleled visibility for any business. The lease requires a minimum five-year term with an annual rent of $20,000, subject to annual increases. The property is situated in Salem County, New Jersey, with a zip code of 08069. This prime location offers excellent potential for growth and profitability. Don't miss this chance to secure a prominent position in a thriving commercial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.