Conoco
Cherry Hill, NJ 08034
Conoco Logo Image
1401 Brace Road
Cherry Hill, NJ 08034
  • Asking Price: $2,348,634
  • Cap Rate: 7.25%
  • Lease Type: NNN
  • Status: Available
PROPERTY DETAILS:

Baum has been exclusively retained by ownership to sell an absolute NNN Conoco branded gas and service station located 10 miles east of downtown Philadelphia in the highly affluent community of Cherry Hill, NJ. The site is situated at the signalized hard corner of Brace Road and Kresson Road with access from both streets and exposure to 40,955 VPD at the intersection. The ±.59-acre site features a convenience store, 8 gas pumps, 4 service bays, and additional on-site parking providing customers with a full-service experience. A dense local population consisting of 100,000 residents and 38,600 households earning an average household income of $118,600 within 3 miles provide the station with a dense, affluent consumer base in the local area. The site has served as a gas station since the 1950's showing excellent historical occupancy.