788 Marne hwy - Bank FOR SALE


Moorestown, NJ 08057
$7,560,000 USD
781-776-4001
788 Marne hwy, Moorestown, NJ for Sale
$7,560,000 USD
Bank - FOR SALE
1/5
null | 5% Cap Rate

788 Marne hwy
Moorestown, NJ 08057


HIGHLIGHTS

  • New Construction Long-Term Lease
  • Attractive Rent Increases
  • Best-In-Class Credit Tenant
  • Ground Lease
  • Outstanding Location
  • Relocation of High Performing Branch

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Bank of America ground lease located at 788 Marne Highway in Moorestown, New Jersey (the “Property”). The new construction retail branch will consist of a 4,700 square foot building with two dedicated drive through lanes on 1.36-acre parcel. Bank of America signed a new 15-year ground lease with three (3), five-year renewal options. The Lease call for attractive rent increases of 10.0% every five years throughout the base term at the start of each renewal option period. The Property is set to be competed in 2026 with an anticipated rent commencement date of January 5, 2026. The new construction Bank of America will be well positioned at the intersection of Marne Highway and Centerton Road, in the center of an exceptional retail trade area just off Interstate 295 and the New Jersey Turnpike. The Property will benefit from outstanding frontage and visibility, with access from both Marne Highway and Centerton Road and features two dedicated Drive-Thru ATM/Teller lanes. Bank of America is relocating from a very successful and well-established location less than 2 miles from the new construction Property. As of 6/30/2025, the relocating Bank of America Branch at 3131 NJ-38 in Mount Laurel Township held an exceptional deposit base of $498,576,000.

FOR SALE DETAILS

PRICE

$7,560,000 USD

PRICE/SF

$1,609 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Todd TremblayHorvath & TremblayMore Info
781-776-4001

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

Todd TremblayHorvath & TremblayMore Info
781-776-4001

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