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- LoopNet Team
1401 Brace Rd
Cherry Hill, NJ 08034
Conoco Gas · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
ABOUT 1401 BRACE RD , CHERRY HILL, NJ 08034
We are pleased to offer to qualified investors an opportunity to purchase a single tenant absolute NNN investment (fee simple) operated as a Conoco gas station and leased to Bronson Oil Lease Holdings, LLC with approximately 9 years remaining. Located in the affluent community of Cherry Hill, NJ; the subject property is positioned just off Interstate 295 and sits just 8 miles east of downtown Philadelphia, PA. The site has excellent visibility and great access with 3 points of entry/exit that make it easy for the approximate 31,800 in combined daily traffic counts that travel by the site to visit the property. Leased to Bronson Oil Lease Holdings, LLC which is an experienced franchise operator with ~200 locations, this location provides investors with long term, inflation protected income (2x CPI Index annual increases) with ease of management from zero landlord responsibilities. This is an excellent opportunity to purchase a well established gas station brand, backed by a strong operator, on an absolute NNN lease that offers attractive annual rental increases providing rapid increase in NOI..
PROPERTY TAXES
| Parcel Number | 09-00409-01-00001 | Improvements Assessment | $296,300 |
| Land Assessment | $258,500 | Total Assessment | $554,800 |
PROPERTY TAXES
