UNBELIEVABLE: BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20%… Read More RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR'S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 - 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY'S, NOI: $319,440 CAP RATE: 7.50 % Read Less
Courtesy of BHHS FOX & ROACH.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Square Ft.
4,050
Lot Size
0.47 Acres
MLS Number
3989060
30 Days Snapshot Of 07016
$855k
+12%
(avg) sold price
9
-55%
homes sold
66
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
No
Building
Built in 9999
Cooling
See Remarks
Expenses
Expenses: See Remarks
Exterior Features
Brick/Block
Floors
Carpeting, Laminate, See Remarks
Water Features
Public Water
Heating
Gas-Natural, See Remarks
Lot
Approximate Lot Size: 20446 SF, 0.47 acres, Level Lot
Owner Pays
See Remarks
Property
4,050 sqft building, 1 unit
Roof
Asphalt Shingle
Sewer
Public Sewer, See Remarks
Taxes
Annual Tax Amount: $47,595, Tax Rate: 6.779
Tenant Pays
See Remarks
Utilities
Electric, Gas-Natural
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