206 & 211 Hanover Street, Pemberton, NJ, 08068
Gas Station & Auto Service Portfolio
Key Information
Highlights
• Two-property gas station and auto service portfolio listed for $3,051,428 Yielding an attractive 7.08% Cap Rate.
• Long duration weighted average lease term (WALT) of ±8.95 years remaining, providing an investor with a long-term stream of passive income.
• Extremely rare 3% annual rental increases across both sites as an excellent inflation hedge. By year 10 the yield increases by over 26%.
• Absolute NNN leases with zero landlord responsibilities, providing an investor with a management free stream of cash flow.
• Potential for 100% bonus depreciation in Year One. Under the One Big Beautiful Bill Act, 100% bonus depreciation became a permanent fixture, where an investor may have the opportunity to write off 100% of the building components with less than 20 years useful life in year one (consult with your CPA).
• Both sites are well equipped with a combined eight fuel pumps, two auto repair centers, and a truck rental service.
• Two facing stations on Hanover Street give one owner control of both corners of the intersection, eliminating direct cross-street competition and consolidating fuel and auto service traffic. This provides instant scale in a single submarket without having to assemble it deal by deal.
• ± 20,000 vehicles per day pass through the signalized intersection of Hanover Street and West Hampton Street (CR 530), a primary east-west commuter route. Both stations occupy this hard corner, capturing fuel and service traffic at each site.
• Located only 5 miles from Joint Base McGuire-Dix-Lakehurst, the only tri-service military base in the U.S., with more than 40,000 personnel, providing a large, stable, recession-resistant demand base within the trade area.
• There are over 152,000 residents living within a 10-mile radius with an average household income exceeding $146,000.
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