40 Broad st - Bank FOR SALE


Three Bridges, NJ 08887
$1,995,000 USD
972-755-5205
40 Broad st, Three Bridges, NJ for Sale
$1,995,000 USD
Bank - FOR SALE
1/4
null | 10.75% Cap Rate

40 Broad st
Three Bridges, NJ 08887


HIGHLIGHTS

  • Redevelopment Opportunity – Remaining Rent Obligations Provide Time to Reposition the Asset
  • Absolute Net Lease With 2.9 Years Remaining
  • Signalized Hard-Corner Location on US Hwy 202 (33,968 VPD)
  • Prime 2.25-Acre Corner Parcel With Extensive Three-Street Frontage
  • Affluent Trade Area – $177,809 Average Household Income (5-Mile Radius)
  • Strong Demographic Base – 165,601 Residents in the 10-Mile Trade Area

OVERVIEW

This offering provides a strong redevelopment opportunity supported by an Absolute Net lease requiring full contractual rent through November 30, 2028, with no landlord responsibilities, including roof and structure. This allows an investor to reduce their effective basis without incurring operating or capital costs. The 2.25-acre hard-corner site offers a substantial undeveloped area, multi-street frontage, and immediate adjacency to the signalized US Hwy 202 intersection, delivering excellent visibility and flexible future use. The property also features durable brick construction, a multi-lane drive-through, and a 2009 renovation, supporting long-term usability for banks, medical users, QSR, or professional services. Broker of Record Jim McGuckin Regional Manager, New Jersey 250 Pehle Ave., Suite 501 Saddle Brook, NJ 07663 (201) 742-6100 License: 2082114

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$665 USD /SF

CAP RATE

10.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citizens Bank (Dark)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

22-00089-0000-00001

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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