QuickChek Carlstadt
720 Washington Street, Carlstadt, NJ, 07072, US
PLN 36,885,000 | 511 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Fulton Bank located at 1 S Main Street in Woodstown, 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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Attributes
Asking price
PLN 22,809,000
Cap rate
6.25%
NOI
PLN 1,431,000
WAULT
13 years
Building area net
1,300 m²
Land area gross
0.24 ha
Media
Investment Highlights
- 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 2025 deposits of $244M, the #1 highest in Salem County
- Hard corner, signalized intersection with 23,000+ VPD
- Strong demand characteristics driven by 5-mile AHHI of $144K
- Dense commercial corridor just 22 miles southwest of downtown Philadelphia
Contact brokers
Fulton Bank - Woodstown, NJ (0 Properties)
