630 Georges Rd - Bank FOR SALE


North Brunswick, NJ 08902- Turnpike West
$2,570,460 USD
858-900-3700
630 Georges Rd, North Brunswick, NJ for Sale
$2,570,460 USD
Bank - FOR SALE
1/4
null | 6% Cap Rate

630 Georges Rd
North Brunswick, NJ 08902
Turnpike West


OVERVIEW

ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITES Tenant is responsible for all maintenance & repairs, roof, structure, insurance and property taxes. 2.5% ANNUAL RENT INCREASES Scheduled 2.5% annual rent increases provide a hedge against inflation while supporting steady income growth over the lease term. CORPORATE LEASE WITH INVESTMENT-GRADE TENANT Corporate-backed lease with PNC Bank, an Investment-Grade rated company with a Standard & Poor’s Credit Rating of “A-” ESTABLISHED LOCATION This site has operated as a PNC Bank for more than 35 years, demonstrating its long-standing and successful track record at this location. STRONG BRANCH DEPOSITS AND LONG-TERM TENANT COMMITMENT Sustained strong branch deposits and multiple lease renewals highlight the property’s importance within PNC’s network and support long-term stability. AFFLUENT AND DENSE TRADE AREA The property is located in a dense, high-income trade area with over 173,000 residents within a five-mile radius and average household incomes exceeding $115,000. Projected annual population growth of more than 2.5% further supports increasing purchasing power and long-term demand. STRATEGIC LOCATION Property is surrounded by residential communities, located just 1 mile from Rutgers University (±68,942 students) and is close to US Hwy 1 (±111,760 ADT) and Interstate-95 (±176,455 ADT) as well as dominant retail corridor with Walmart Supercenter, Marshalls & HomeGoods, PetSmart, Trader Joe’s, Wells Fargo, AutoZone, McDonald’s, LA Fitness, Dunkin’ and many more. PROXIMITY TO MAJOR EMPLOYMENT CENTERS SUPPORTS DEMAND The area benefits from its strategic location near major employment hubs in New Brunswick and Princeton, which continue to drive population growth, workforce activity, and regional economic expansion. MAJOR RESIDENTIAL DEVELOPMENT APPROVED NEAR PROPERTY North Brunswick Township has approved a 280-unit luxury apartment development located on Livingston Avenue, within approximately two miles of the Georges Road commercial district. The $85 million project is expected to break ground in Q2 2024 with completion anticipated in late 2025. ROUTE 1 CORRIDOR GROWTH AND NEW MIXED-USE DEVELOPMENT A $45 million mixed-use development has been announced along the Route 1 commercial corridor in North Brunswick, approximately 1.2 miles from the Georges Road intersection. The planned 180,000 square foot project will combine retail, office, and residential components, further strengthening the surrounding commercial ecosystem. Broker of Record: Derek Eisenberg Continental Real Estate Group, Inc.  201.204.4048 deisenberg@continentalrealestate.com NJ LIC #9591344

FOR SALE DETAILS

PRICE

$2,570,460 USD

PRICE/SF

$693 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank - North Brunswick, NJ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

C-1 (Neighborhood Commerc

APN/PARCEL ID

14-00203-0000-00011

ASK ABOUT THIS PROPERTY

Renato LorjaCIRE PartnersMore Info
858-900-3700

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Renato LorjaCIRE PartnersMore Info
858-900-3700

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