BP Gas 231 US-206 800 SF Retail Building Bordentown, NJ 08505 $1,109,756 CAD ($1,387.20 CAD/SF)

Owner User Opportunity... Vacant Gas Station 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 (not currently ulitized), eight (8) fueling stations, a propane filling station, and an on-site air station and vacuum.
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.