Valley National Bank - North Plainfield NJ

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant Valley National Bank property at 1334 Route 22 East, North Plainfield, NJ (the "Property"). Located just 32 miles from Manhattan in Somerset County, Valley National Bank has occupied this location for approximately 20 years. The Property offers excellent transportation access via Routes 22, 78, and 287 (combined 300K+ VPD). Valley National Bank is a premier financial institution with a rich history dating back to 1927 and with over 660 retail locations across 44 states. With approximately $62.5 billion in assets, Valley National Bank stands as one of the largest financial institutions headquartered in New Jersey.

Positioned strategically in one of Central New Jersey's accessible suburban markets, this investment opportunity offers a secure income stream backed by an investment grade, national financial institution (S&P: BBB stable outlook) with an absolute NNN lease requiring zero landlord responsibilities. The current lease extends to 3/31/2034 with 8.7 years remaining and includes five 5-year renewal options with 2.0% annual rent escalations.