716 Stokes Rd
Medford, NJ 08055
Conoco Gas/Service Station · Retail Property For Sale

CBRE is pleased to exclusively present for sale this Conoco Gas and Service Station located on Stokes Road in Medford, NJ. This is a fee simple, NNN lease with no landlord responsibilities or expenses. There are currently 10 years remaining in the initial 20 year lease term, with annual rental increases and one, nine year option to renew. The lease is guaranteed by ARFA Enterprises, which is a growing major retail petroleum provider operating nearly 200 service stations throughout southern New Jersey and eastern Pennsylvania. This site sits on 0.53 acres with excellent access and visibility on Stokes Road with traffic counts over 7,000 vehicles per day. This is a densely populated area with 4,595 people within 1 mile, 24,829 people within 3 miles and 55,166 people within 5 miles. This is also an affluent area with the average household income over $138K in the 1 mile ring and over $148K in the 3 mile ring. The site is surrounded by numerous local uses including the local hardware store, fitness clubs, and a seafood market along with national retailers Starbucks, McDonald's, CVS, TD Bank, Bank of America and PJ Whelihan's. Medford is a township located in Burlington County, New Jersey. It sits just 30 minutes from the city of Philadelphia and 45 minutes from the Jersey Shore.