Kyle James, 19, was shot multiple times near the intersection of Kolo and Van Hook shortly before midnight, the Camden County Prosecutor's Office said.
James tried to run from the gunman, investigators said.
He was pronounced dead about one hour later at the hospital.
The Division of Alcohol, Tobacco, Firearms and Explosives is offering a $5,000 reward for information leading to the arrest and conviction of the person responsible.
Anyone with information on the case is urged to contact Camden County Prosecutor's Office Investigator Michael Dougherty at (856) 225-8682 or Camden County Police Detective Robert Chew at (856) 757-7420.