700 Broadway, Pennsville, NJ 08070-2659
- Gas stations
- 2,296 SF
- 0.46 lot acres
Current Use by Public Records
- Sunoco Gas Station / Gas Station
Property Details for 700 Broadway
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.46 lot acres
- Zone code
- CM
- Property type
- Gas stations
- APN
- 09 04201-0000-00001
- APU
- 904201000000001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 30, 2019 | — | 700 S Broadway Trust | Maglex Holdings LLC | Grant Deed | — |
| Jan 6, 2010 | $825,000 | Maglex Holdings LLC | Sunoco INC R And M | Bargain And Sale Deed | $50k · Fidelity Bank Of Florida NA |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Pennsville
- County
- Salem
- State
- New Jersey
- Longitude
- -75.5023
- Latitude
- 39.6143
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
