231 Us-206Mansfield, NJ 08505

Property Details for 231 Us-206

Year built

1970

Lot size

0.53 AC

Property size (Sq ft)

800 SF

Property type

Retail properties

Property subtype

Gas stations

Description

This fee-simple BP gas station in Bordentown, NJ, presents a compelling investment opportunity. Located at 231 US-206, this 800 sq ft property boasts a 10-year NN+ lease (commencing September 2021, expiring September 2031), offering 6.8 years remaining. The lease includes annual rent increases of 0.4%. The property, built in 1970 and renovated in 2017, sits on a 0.53-acre lot and features eight fueling stations, a convenience store, propane filling, air, and vacuum services. With a current NOI of $42,879 and a 6.50% cap rate, this property offers a strong return on investment. The asking price is $660,000 ($825/sq ft). Benefiting from high traffic counts (approximately 49,200 vehicles daily) at the intersection of US Routes 206 and 130, with proximity to I-295 and I-95, this location enjoys excellent visibility and access. The tenant is responsible for all repairs, maintenance, utilities, CAM, and insurance, minimizing management responsibilities. The business operations are available for separate purchase. The property qualifies for bonus depreciation, offering significant tax advantages. Surrounded by residential areas, schools, and retailers, including major brands like ShopRite, ALDI, and more, this investment offers stability and growth potential in a thriving community.

Location Insight

City

Mansfield

County

Burlington

State

New Jersey

Latitude

40.1187

Longitude

-74.7396

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