101 South Ave W - Freestanding FOR SALE


Cranford, NJ 07016
$4,259,000 USD
732-907-2901
101 South Ave W, Cranford, NJ for Sale
$4,259,000 USD
Freestanding - FOR SALE
1/14
null | 7.5% Cap Rate

101 South Ave W
Cranford, NJ 07016


HIGHLIGHTS

  • Bank of America long term ground lease
  • Hard corner signalized intersection in affluent Cranford Township
  • 30K vehicles per day

OVERVIEW

BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20% RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR'S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 - 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY'S, NOI: $319,440 CAP RATE: 7.50 %

FOR SALE DETAILS

PRICE

$4,259,000 USD

PRICE/SF

$1,052 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

03-00402-0000-00001

ASK ABOUT THIS PROPERTY

Timothy DelucciaDeluccia Commercial GroupMore Info
732-907-2901

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Timothy DelucciaDeluccia Commercial GroupMore Info
732-907-2901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.