- NNN Ground Lease
- Top Branch in Middlesex county –Deposits of $139 million
- 5-Mile Average HH Income of $107,000
- Corner lot location equipped with Drive-Thru
- A-Rated Investment Grade Tenant
Marcus & Millichap is pleased to present a NNN ground leased Investors Bank in Point Pleasant, NJ. In addition to no landlordresponsibility, the subject property has over 11 years remaining on the base term with 4, 5-Year options remaining. There are rent increases of 10% every five year period serving as a strong hedge against inflation. The lease is corporately guaranteed by Investors Bank, a strongcredit tenant, with an S&P rating of A-. Investors bank has developed a solid regional presence with over 150 branch locations holding over $25 billion in assets.
The subject property is situated on corner lot of 0.36 land acres. The property has excellent visibility, eight parking spots, and is equipped with a drive-thru. The subject property has outstanding demographics for a bank with over 300k residents in a 5-mile radius and an average household income of over $100K in a 5-Mile radius. Located in upscale Middlesex county, the subject property ranks #1 in terms of deposits, for all Investors Bank branches in the county.