101 South Ave,Cranford Twp., NJ 07016
Cranford Twp., NJ 07016
Description
UNBELIEVABLE: BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20% RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR'S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 - 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY'S, NOI: $319,440 CAP RATE: 8.00 %
Details
| MLS # | 3989060 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 356 |
| Listing Provided By | BHHS FOX & ROACH | TIM DELUCCIA |
Features
| Story(s) | 1 |
|---|---|
| Units | 1 |
| Zoning | COMMERCIAL |
Taxes
| Property | 47595 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Union |
| City | Cranford Twp. |
| Zip Code | 07016 |
| Area | Union |
| Listing VS Median (in 07016) | |
Price: $3,990,000 low | high Med: $1,149,000 On site: 356 low | high Med: 135 | |
Market Activity 07016
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Learn More About This Property
| State | NJ |
|---|---|
| County | Union |
| City | Cranford Twp. |
| Zip Code | 07016 |
| Area | Union |
| Listing VS Median (in 07016) | |
Price: $3,990,000 low | high Med: $1,149,000 On site: 356 low | high Med: 135 | |
