Fulton Bank - Windsor, NJ
1386 Route 130, Robbinsville Township, NJ, 08561, US
NT$138,975,000 | 847 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Fulton Bank located at 100 Park Avenue in Woodbury, 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
NT$123,191,000
Cap rate
6.25%
NOI
NT$7,728,000
WAULT
13 years
Building area net
775 m²
Land area gross
0 m²
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 $166M, a 14.4% increase year-over-year
- Frontage along Park Avenue, just south of I-295, with accessibility to 99,000+ VPD
- Strong demand characteristics driven by 5-mile AHHI of $105K
- 7 miles south of Philadelphia, the 9th largest metro in the U.S. with 6.2M+ residents
Contact brokers
Fulton Bank - Woodbury, NJ (0 Properties)
