Franchisee – Shell Gas Station

2361 Admiral Wilson Boulevard - Pennsauken NJ 08109

LTV (Loan to Value)	65.00%	Current NOI	$207,004.00
Interest Rate	4.250%	Capital Rate	7.350%
Fixed Term	10 Years	Land Area	0.70 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$1,830,400.00	Property Type	Retail
Payment	$9,915.97	Property Lease	Gas Station
Bulding Size	1,288 SF	Remaining Terms	13 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to acquire the fee interest (land & building) in a Shell gas station in Pennsauken, NJ. This long-term asset has approx. thirteen (13) years remaining on an original twenty (20) year lease with one (1), ten (10) year renewal option. The lease features annual rent increases, which begin in year 6, at 2x CPI (capped at 2%). The subject property is strategically situated in a strong New Jersey trade area, approx. five (5) miles away from downtown Philadelphia, PA, and has spectacular exposure and access (over 67,400 vehicles per day). This location is conveniently located one (1) mile away from the Campbell Soup world headquarters in Camden, NJ which employs over 17,500 people. Pennsauken Shell gas station is operated by ARFA Enterprise, a strong regional franchisee, with 200 units across New Jersey and Pennsylvania. The lease is guaranteed by an ARFA subsidiary, Bronson Oil Lease Holdings, LLC, dba Shell, an entity containing 54 units.

Highlights

Strong Franchisee Operator - ARFA Enterprises, Inc. specializes in the operation of gas stations with convenience stores. 200+ units located…

Property Description

Pennsauken, New Jersey, in Camden County, is 2 miles Northwest of Cherry Hill, New Jersey and 5 miles East of Philadelphia, Pennsylvania. The town is conveniently located inside the Philadelphia metropolitan area. Pennsauken's estimated population is 35,737. Pennsauken was incorporated as a township on February 18, 1892. Earlier it was a part of the now-defunct Stockton Township. Travelers to the town of Pennsauken can visit the Pennsauken Industrial Park or even go to the nearby museums like the Independence Seaport Museum, Independence National Historical Park and the Franklin Court. One can also take a trip to the beautiful Village Dock Lake, the Pennsauken Creek, and the Pochack Creek. Enthusiastic shoppers can also browse through the shops in the Pennsauken Shopping Center. The major attractions in the town are Pennsauken Industrial Park, Pennsauken Creek, Saint Stephens Church, and the Iron Rock Golf Course. Pennsauken is a true hub for any business. The proximity to major arteries such as Routes 130, 70 and 73, the New Jersey Turnpike and Interstates 95 and 76 make the community a gateway to commerce. Major cities like Philadelphia, New York City, Wilmington, Baltimore and Washington D.C. are only a short car ride away. Over the last three years. Pennsauken businesses have invested well over $50 million into the community through redevelopment and construction projects. According to Camden County's Department of Economic Development, over 70 percent of recent business development in Camden County is happening in Pennsauken Township. This business-friendly environment is a major reason why the town is recognized with the Municipal and Business Partnership Award during last year's Tri-County Economic Development Summit.