Fulton Bank - Woodbury, NJ
100 Park Ave, Woodbury, NJ, 08096, US
R 62,287,000 | 775 m²
Description
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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Attributes
Asking price
R 70,268,000
Cap rate
6.25%
NOI
R 4,408,000
WAULT
13 years
Building area net
847 m²
Land area gross
1.21 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 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
Contact brokers
Fulton Bank - Windsor, NJ (0 Properties)
