33-11 Broadway - Bank FOR SALE
Fair Lawn, NJ 07410 |
$1,978,296 USD
732-832-5414
33-11 Broadway
Fair Lawn, NJ 07410
HIGHLIGHTS
- $2,050,000 list price yielding an attractive 6.50% cap rate with $133,535 NOI.
- ±6.00 years remain on the lease with 2.5% annual rental increases through 6/30/2032.
- Structured as an absolute NNN condo lease for a passive stream of income.
- Corporate guarantee from Kearny Bank (NASDAQ: KRNY), founded in 1884.
- Additional $3,545 management fee paid to landlord increasing investor yield ~20 bps.
- ±0.64 acre site with 22 parking spaces and a double covered drive through.
FOR SALE DETAILS
PRICE
$1,978,296 USD
PRICE/SF
$168 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kearny Bank
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
22
LAND DETAILS
LAND ACRES
0.64 AC
LAND SF
27,878 SF
ZONING
N/Av
APN/PARCEL ID
17-02312-0000-00007-0000-C0001,17-02312-0000-00007-0000-C0002,17-02312-0000-00007-0000-C0003
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
732-832-5414
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
732-832-5414
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
