Cap Rate: 5.50%
Net Operating Income: $42,679
Square Footage: 800
Lot Size: 0.53 AC
This is a long term net leased BP gas station offering in Bordentown, NJ. This BP Petroleum branded station has a new 10 year net lease and calls for 0.4% annual increases in rent and minimal landlord responsibilities. The property is well situated at the convergence of US Route 206 and US Route 130. The site is also situated in an area with strong demographics. Over 27,000 people live within 3 miles of the property with an average household income of $124,365. This station also benefits from surrounding retailers including ALDI, Pep Boys, Dollar General, 7-Eleven, McDonald’s, and more.
Bordentown is a city in Burlington County, New Jersey. Bordentown is located at the confluence of the Delaware River, Blacks Creek, and Crosswicks Creek. The latter is the border between Burlington and Mercer counties.
Bordentown is the northernmost municipality in New Jersey that is considered a part of the Philadelphia-Camden-Wilmington Metropolitan Statistical Area. It is approximately one-third the distance between Center City Philadelphia and Midtown Manhattan, located 5.8 miles south of the state capital Trenton, 27 miles northeast of Center City Philadelphia, and 53 miles southwest of New York City.
The City of Bordentown, New Jersey is located in the northern portion of Burlington County at the crossroads of Routes 206 and 130. The “little city with a lot of charm” is not only rich with historical landmarks but offers a modern community for its residents. Downtown Bordentown offers a wide variety of stores for one’s shopping pleasure and has many book, record, and antique stores lining its streets. Enjoy dining at one of Bordentown’s many fine restaurants. The restaurants are primarily Italian, but there are also restaurants and diners that specialize in American food, Chinese food, and more recently Japanese and Latin-American food.