Valley National Bank - Hillsdale, NJ
24 Broadway, Hillsdale, NJ, 07642, US
3 046 000 $ | 402 mètres carrés
Descriptif
JLL presents for sale the single-tenant Valley National Bank property at 433-439 Harrison Ave, Harrison, NJ. The property features a 15-year absolute NNN lease (2019) with 2.00% annual escalations, 8.8 years remaining, and five 5-year renewal options. This branch holds $295MM in deposits, up 153% from five years ago. Valley National Bank, established 1927, operates 260+ branches across six states with $62.9B in assets.
Located under 2 miles from Newark and 8 miles from NYC with excellent interstate access, the property serves a growing area with 331,000+ residents within 3 miles (32% growth since 2010). Hudson County has seen $6B+ in development since 2016. This investment offers secure income backed by an investment-grade institution in a strategically positioned, transit-oriented location.
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Attributs
Superficie du bâtiment nette
697 mètres carrés
Année de construction
1940
Prix demandé
4 998 000 $
Taux de capitalisation
6,25 %
Type de bail
Triple Net Absolu
RNI
313 000 $
Durée restante du bail
8.7 années
Média
Points forts de l'investissement
- Proximity to Newark and New York City with a dense, 2.9M+ consumer base
- Strong population growth of 32% since 2010 within 1-mile radius
- Strong average household income of $105K+ within 1-mile radius
- Population of 852,000 within five-mile radius
- Situated in a strong education center adjacent to several public and private schools
- Valley National Bancorp (Nasdaq: VLY) with total assets of $62.5 billion and S&P rating: BBB (stable outlook)
- Deposits at this location exceeded $295MM in 2024
- Absolute NNN lease with 2% rent growth annually
Contactez les courtiers
Valley National Bank - Harrison, NJ (0 Propriétés)
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Dernière mise à jour
25 juil. 2025
