Descripción

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

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Atributos

Precio de venta

3.843.000 €

Tasa de capitalización

6,25 %

NOI

242.000 €

WAULT

13 años

Superficie neta construida

847 m²

Superficie bruta del terreno

1,21 ha

Media

Aspectos destacados de la inversión

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