RIPCO Real Estate has been exclusively retained to arrange the sale of 357 Route 17, a single-tenant, net-leased investment opportunity, 100% occupied by Bank of America (NYSE: BAC), operating as a drive-thru ATM location in Paramus, NJ. Bank of America has operated at the property since 2019 under a lease with two (2) five-year renewal options carrying 10% rent increases. Under the NNN lease, the tenant is responsible for real estate taxes, insurance, and maintenance, providing a passive, management-free investment secured by an investment-grade credit tenant rated A- (S&P Global Ratings), AA- (Fitch), and A1 (Moody’s). In addition to the stable, cash-flowing investment opportunity, the property is zoned HCC-2, allowing for long-term redevelopment optionality beyond its current use. Contact the exclusive brokers for additional information.