Property Description - Value Add Opportunity

NRC is pleased to offer this value add opportunity to buy an unbranded gas station and convenience store owned by an absentee owner. The owner recently lost his operating manager, which forced him to to close the convenience store portion of the business, however gasoline is still being sold. The current owner purchased the property from Lukoil in 2016. Log-in to your NRC.com account for additional information about the property.

Property information
Asking Price	$390,000
Offering	Unbranded Gas Station and Convenience Store
Type	Fee
Building Size (Approx.)	650 sf
Lot Size	23,085 sf
Cross Streets	Main St. & Heston Rd
County	Gloucester
Zip	08002
Fuel Supply and Brand	Sold without brand or supply
UST Information	Three (3) 10,000 single-wall steel with fiberglass-reinforced plastic tanks installed in 1986
APN	06-00389-07-00015-01
Tax (2018)	$18,626

Financial Information
Gasoline sales were 384, 519 gallons for the 10-month period between December 23, 2018 and October 29, 2019. See the Gasoline Sales report available for download. Additional financial information is limited, as absentee owner delegated reporting responsibilities to general manager, who has since departed.

Location Description
The property sits a signalized intersection with four curb cuts. This neighborhood store is surrounded by homes and within walking distance of Glassboro High School and Richard Wackar Stadium, a short drive from Rowan University, and just minutes from the busy Delsea Dr. shopping corridor featuring ShopRite, Aldi, McDonald's, Staples, and other retailers.

Broker Information
Contact David Levy at 312-278-6870 or david.levy@nrc.com for more information. NRC Realty Advisors of New Jersey, LLC, license #0897521

Property Viewing
Inspection of the property may be performed during normal business hours. Inspections shall not interfere with business operations and do not include backrooms, storage areas, or secure areas. UNDER NO CIRCUMSTANCES MAY A BIDDER ASK QUESTIONS OF STORE MANAGERS OR STORE EMPLOYEES. INDIVIDUALS VIOLATING THIS REQUIREMENT MAY BE DISQUALIFIED FROM BIDDING.

Notes

Although information has been obtained from sources deemed reliable, NRC Realty & Capital Advisors, LLC, the Seller, and/or its representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Properties without expressed or implied warranty of any kind. Lot and building sizes are approximate. Properties may be withdrawn at any time without notice.