Listed by JLL Chicago | Americas Headquarters, JLL - New York City, New York, JLL - Irvine (Orange County), California
$630,000
Fulton Bank - Oxford, NJ
Details
Property Type Retail
Sub Type Bank
Square Footage 2,013
Cap Rate 6.25%
NOI $39,354
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 05/31/2039
Remaining Term 13
Rent Bumps Yes
Lease Options Three (3), Five-Year Options
Price per SqFt $313
Year Built 1970
Acreage 0.540
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 6.25% CAP | 2,013 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Fulton Bank located at 157 Route 31 S in Oxford, New Jersey (“Property” or “Asset”). Fulton Bank is operating on a 15-year absolute NNN lease with ±13.0 years of primary lease term remaining, 2.25% annual rent escalations, three, five-year renewal options and zero landlord responsibilities.
NJ Broker of Record: Jose Cruz - NJ License #: 8743725
Investment highlights
- Absolute NNN lease with ±13.0 years of primary lease term remaining
- Rare 2.25% annual rent escalations
- Fulton Bank carries investment grade credit ratings of 'A' from Morningstar DBRS and 'Baa1' from Moody's
- Sub $1M price point with below market rent of $39K annually
- Strong demand characteristics driven by 1-mile AHHI of $135K
- Signalized intersection along heavily trafficked highway with 11,000+ VPD
- Within the Leigh Valley, one of the Northeast’s fastest-growing areas for young adults and businesses
Listing Contacts
Listed by JLL Chicago | Americas Headquarters, JLL - New York City, New York, JLL - Irvine (Orange County), California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$39,354.00
$3,279.50/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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