Shell Portfolio of 2

- Cherry Hill & Voorhees, NJ

LTV (Loan to Value)	65.00%	Current NOI	$287,630.00
Interest Rate	4.250%	Capital Rate	7.350%
Fixed Term	10 Years	Land Area
Amortization	25 Years	Lease Type	NNN
Loan Amount	$2,544,750.00	Property Type	Retail
Payment	$13,785.88	Property Lease	Gas Station
Bulding Size	0 SF	Remaining Terms

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to acquire the fee simple ownership interest of two (2) Shell Gas Stations in New Jersey. Each lease is 100% guaranteed by Arfa Enterprises, Inc. The subject properties are operating under absolute NNN leases with approximately thirteen (13) years of base lease term remaining, with increases each year. The two leases also contain one (1), ten (10) year renewal option each.

Highlights

Long Term Franchisee Owner (Private) – Arfa Enterprises Inc. is a privately held growing company out of New Jersey, operating…

Property Description

Cherry Hill (2014 Population: 70,932) is located in Camden County, New Jersey. As of the 2010 Census, Camden County population was 513,657. Cherry Hill is situated in the Delaware Valley coastal plain, approximately eight miles southeast of Philadelphia. Voorhees Township is a township in Camden County, New Jersey. As of 2014, the township's population was 29,225. Voorhees is a New Jersey suburb in the Greater Philadelphia Metropolitan Area.