Bank of America Ground Lease

Marcus & Millichap is pleased to exclusively present 101-103 South Avenue West, Cranford, Union County, New Jersey.​

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  Bank of America Ground Lease located at 101-103 South Avenue W in Cranford, Union County, New Jersey

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  Double drive/thru lane

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  Bank of America (NYSE: BAC) has a Standard & Poor's credit rating of A-/stable

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  Approximately 4.5 years of lease term remaining

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  4-5-year renewal options with 20% rent increases at each option

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  $67M+ deposits at this branch

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  Hard corner signalized intersection located on South Avenue and Lincoln Avenue (approx. 30K vehicles/day)

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  Less than ½ mile from Cranford NJ Transit train station

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  Easy access to many local highways including I-95, Garden State Parkway, Route 22, 28, 9, and I-78

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  Infill location with many nearby national retailers including Dunkin' Donuts, Home Depot, ShopRite, McDonald's, Starbucks, Quick Check, Wawa, and Wendy's

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  Excellent demographics with over 415K people within 5 miles and an average household income over $159K