447 Springfield Ave - Bank FOR SALE
Berkeley Heights, NJ 07922 |
$2,500,000 USD
718-663-2639
447 Springfield Ave
Berkeley Heights, NJ 07922
HIGHLIGHTS
- Single Tenant NNN Lease Citizens Bank pays $126,500 / annum. Tenant is responsible for real estate taxes, all repairs & maintenance (+roof/structural)
- Credit Tenancy - Citizens Bank, NA is an investment grade tenant with an “A-” rating by S&P Global Ratings, and has over 1,000 locations
- Desirable Retail Location diagonal from The Berkeley Heights Shopping Center featuring Dunkin’, Stop & Shop, amongst other recognized retailers
- Exposure | Frontage | Traffic • 80’+ of frontage along Springfield Avenue • Three individual drive through service bays
- Favorable Placer .AI Data • 5,600 customers make a combined 17,800 visits to this Citizens Bank per year
- Strong Local Demographics: Berkeley Heights • Total Households 4.66K • Median Household Income $198K • Daytime Total Population 13.65K
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$1,375 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
447 Springfield Ave, Berkeley Heights
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1956
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.13 AC
LAND SF
49,223 SF
ZONING
DD (Downtown Development)
APN/PARCEL ID
01-00212-0000-00005
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
718-663-2639
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
718-663-2639
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
