BP Gas Station

Investment Overview

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, eight (8) fueling stations, a propane filling station, and an on-site air station and vacuum. The Property features a recently signed 10-year Double Net lease with annual rent increases which commenced in September 2021. 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.

Investment Highlights

• LONG TERM LEASE - The Property has operated as a successful gas station and convenience store for many years and features a new ten (10) year double net + lease that commenced in September 2021.
• BONUS DEPRECIATION - Fee simple ownership of a convenience store and Gas Station provides the landlord the opportunity to use accelerated Bonus depreciation model. Consulting your Accountant or Tax Attorney is advised.
• EXCELLENT TRAFFIC COUNTS - Approximately 49,200 vehicles per day pass BP on at the confluence of US Route 206 & US Route 130.
• MINIMAL MANAGEMENT RESPONSIBILITIES - The BP lease is double net + with the tenant responsible for all repairs and maintenance and replacement of HVAC, Roof and Structure to the property as well as the utilities, CAM, and Insurance. The Tenant also pays for all increases in RE Taxes over the base year, making this an attractive investment for the passive real estate investor.
• STRATEGIC LOCATION - The Property is situated at the convergence of US Route206 and US Route 130, two of the area’s primary commercial and commuter roadways. These two heavily trafficked roadways directly connect to Interstate295 (1-mile away) and Interstate 95 (1.5-miles away). The Property lies less than1-mile from downtown Bordentown and is surrounded by densely populated residential neighborhoods and enjoys convenient access to area schools and retailers. Bordentown is an affluent bedroom community of Philadelphia, located 30-miles northeast of the city.
• MARKET DRIVERS - Additional retailers drawing consumers to the trade area include Seven (7) Hotels/Motels, ShopRite, ALDI, Acme Markets, Tractor Supply, Dollar General, Pep Boys, AT&T, McDonald’s, Denny’s, Starbucks, 7-Eleven, Wawa, and Dunkin’.