Citizens Bank (Dark)
Absolute Net Lease With 2.9 Years Remaining
Marketing description
This offering provides a strong redevelopment opportunity supported by an Absolute Net lease requiring full contractual rent through November 30, 2028, with no landlord responsibilities, including roof and structure. This allows an investor to reduce their effective basis without incurring operating or capital costs. The 2.25-acre hard-corner site offers a substantial undeveloped area, multi-street frontage, and immediate adjacency to the signalized US Hwy 202 intersection, delivering excellent visibility and flexible future use. The property also features durable brick construction, a multi-lane drive-through, and a 2009 renovation, supporting long-term usability for banks, medical users, QSR, or professional services.
Investment highlights
Redevelopment Opportunity – Remaining Rent Obligations Provide Time to Reposition the Asset
Absolute Net Lease With 2.9 Years Remaining
Signalized Hard-Corner Location on US Hwy 202 (33,968 VPD)
Prime 2.25-Acre Corner Parcel With Extensive Three-Street Frontage
Affluent Trade Area – $177,809 Average Household Income (5-Mile Radius)
Strong Demographic Base – 165,601 Residents in the 10-Mile Trade Area
Attractive Brick Construction With a Multi-Lane Drive-Through
Central New Jersey Location Between the New York City and Philadelphia Metros
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