Investors Bank – Edison, NJ

Tenant

Investors Bank

Location

Edison, NJ

Price

$3,172,631

CAP Rate

4.75%

NOI

$150,700

Lease Term

21 Years

Occupancy

100%

Building Size

3,000 SF

Property Type

Single Tenant

Year Built

2008

Lot Size

0.36 Acres

Status

Available

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

JC Corr

Associate

201-742-6181 | Email

  • 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.