56 W Mount Pleasant Ave - Bank FOR SALE
Livingston, NJ 07039 |
56 W Mount Pleasant Ave
Livingston, NJ 07039
HIGHLIGHTS
- Successfully operating at this site since 2009 evidenced by their recent execution of a 10-year lease extension and $425M in deposits as of June 2023
- NYC MSA Demographics: more than 213K residents within 5 miles of the Subject Property and Average Household Incomes that range from $206K - $267K.
- Guaranteed by JPMorgan Chase Bank, N.A.(NYSE: JPM) - investment grade credit rating (S&P A+), 4,700 branches, and more than $3.31T in assets.
- Absolute-net ground lease with zero landlord responsibilities or potential for expenses; ideal for a passive investor.
- Frontage on W. Mt. Pleasant Avenue (30,795 VPD), just hundreds of feet from its signalized intersection with Livingston Avenue (21,439 VPD)
- Near major employers such as ADP, Prudential and Novartis Pharmaceuticals as well as medical and legal offices - 19.5% increase in daytime population
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
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
4208
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
10-01408-0000-00019
