387 Passaic Ave - Bank FOR SALE
Fairfield, NJ 07004 |
387 Passaic Ave
Fairfield, NJ 07004
HIGHLIGHTS
- Single-tenant net-leased (STNL) JPMorgan Chase Bank branch constructed in 2017.
- JPMorgan Chase is publicly traded on the NYSE, and the principal bank subsidiary, the tenant on the lease, has an A+ investment-grade credit rating.
- Long-term lease (16+ years remaining term) with four 5-year options.
- Superior access to retail bank customers due to its exceptional location near Route 46, I-80, Route 23, Willowbrook Shopping Mall, and more.
- The bank branch offers drive-thru service, safe deposit boxes, and branch deposits total over $130,000,000.
- The property boasts exceptional demographics, with an average household income of $166,110 in Fairfield.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Chase Bank Retail Branch
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
4560
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
07-02703-0000-00027-01
