101 South Ave, Cranford Twp. NJ 07016 (Off Market)

For Sale, USD 4,259,000


101 South Ave, Cranford Twp. NJ 07016,

Property Type : Commercial

Property Style : N/A

Build Size : 4,050 ft² / 376 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property 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: 7.50 %
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101 South Ave, Cranford Twp. NJ 07016, United States,New Jersey is a 4,050ft² New Jersey luxury Commercial listed for sale USD 4,259,000. This high end New Jersey Commercial is comprised of 0 bedrooms and 0 baths. Find more luxury properties in New Jersey or search for luxury properties for sale in New Jersey.