Point Pleasant, NJ
- NNN Ground Lease
- 121K+ People within 5 Miles
- Corporate Guarantee
- Strong Deposits Exceeding $118 Million Annually
- High Visibility and Easy Access from Bridge Avenue
- The Average Household Incomes Exceeds $109K within 5 Miles
- Drive-Thru Location
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 13 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 strong credit tenant, with an S&P rating of A-. Investors bank has developed a solid regional presence with over 150 branch locations throughout New York and New Jersey holding over $25 billion in assets.
The subject property is situated on a large lot consisting of 1.62 acres of land. The 3,350 SF building has excellent visibilityand is equipped with a three lane Drive-Thru. In addition, the subject property is strategically positioned on Bridge Avenue, a main retail corridor leading directly to Point Pleasant Beach. Point Pleasant Beach, a borough of Ocean County, hosts over 400,000 visitors annually. With over 121K people in a 5-Mile radius, and an average household income exceeding $100K annually, the subject property has ideal demographics for a bank branch.