Listed by JLL Chicago | Americas Headquarters, JLL - New York City, New York, JLL - Irvine (Orange County), California
$2,112,000
Fulton Bank - Swedesboro, NJ (Kings Hwy)
Details
Property Type Retail
Sub Type Bank
Square Footage 3,858
Cap Rate 6.4%
NOI $135,156
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 $547
Year Built 1990
Acreage 2.190
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 6.40% CAP | 3,858 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Fulton Bank located at 179 Kings Highway in Swedesboro, 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
- Adjacent to Kingsway Regional School District with 2,800+ students
- Strong demand characteristics driven by 1-mile AHHI of $184K
- Frontage along Kings Highway with 19,000+ VPD
- Within Woolwich Township, one of the fastest-growing communities in South Jersey
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
$135,156.00
$11,263.00/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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