Listed by JLL Chicago | Americas Headquarters, JLL - New York City, New York, JLL - Irvine (Orange County), California
$4,000,000
Fulton Bank - Windsor, NJ
Details
Property Type Retail
Sub Type Bank
Square Footage 9,120
Cap Rate 6.7%
NOI $267,982
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 05/31/2039
Remaining Term 13
Rent Bumps Yes
Lease Options Three (3), Five-Year Options
Year Built 1990
Acreage 3.000
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 6.70% CAP | 9,120 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Fulton Bank located at 1386 Route 130 & N Main Street in Windsor, 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
- Exceptional deposits of $139M, the #1 highest in Mercer County
- Frontage along Route 130 with direct visibility to 23,000+ VPD
- Strong demand characteristics driven by 1-mile AHHI of $209K and 17% population growth since 2010
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
$267,982.00
$22,331.83/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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