Price $4,325,000 | Built/Renov 2022 | Tenant Chase Bank (GL) |
Cap Rate 4.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
Size/SF
2,730
| Lease Start
04-01-2022
| #Units
4,784
|
Price/SF $1,584.25 | Expiration
03-31-2042
| Tenant Type Bank/Financial |
NOI $173,000 | R. Term 18.3 | Ownership Ground Lease |
Rent/SF
$63.37
| Increases 10.0%/3/yrs | Pop 5Mi 131,849 |
Lot/AC 0.98 | Options 3/5yrs/10% | AHHI 5Mi $104,761 |
| |
This Chase is located on Mantua Pike (Route 45), which is the main retail thoroughfare in Woodbury, NJ, and sees over 20,000 vehicles per day. The property benefits from strong demographics of 131,849 living within a 5-mile radius, and an AHHI of $104,761. This branch is positioned in an excellent retail trade area that includes ACME Markets, ALDI, McDonald’s, Starbucks, Dunkin, Wawa and more....
...New construction
Major thoroughfare
Dense retail corridor
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Investment grade tenant
JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank. Founded in 1877, The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000....
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 10,150 | 67,013 | 136,302 |
2023 Total Population : | 10,246 | 67,058 | 135,669 |
2023 Employed Civilian Pop : | 4,761 | 35,037 | 69,627 |
2023 Total Businesses : | 543 | 2,025 | 4,307 |
2023 Average Household Income : | $ 106,013 | $ 112,985 | $ 113,203 |
2023 Total Consumer Spending : | $ 363 M | $ 2634 M | $ 5255 M |
2023 Median Age : | 41 | 42 | 42 |
2023 Total Households : | 4,021 | 27,306 | 54,324 |
2023 Pop Age 25+: Bachelor's Degree : | 1,588 | 10,385 | 19,866 |
2023 Average Home Value : | $ 282,782 | $ 300,112 | $ 298,647 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
South Evergreen Avenue | 2018 | 9,826 | 0.06 mi | |
Mantua Pike | S Evergreen Ave | 2020 | 16,038 | 0.11 mi |
South Evergreen Avenue | Mantua Pike | 2020 | 9,644 | 0.12 mi |
Mantua Pike | Packard Ave | 2011 | 17,889 | 0.30 mi |
Bellevue Ave | Summit Ave | 2004 | 1,620 | 0.34 mi |
Twells Ave | Salem Ave | 2004 | 2,990 | 0.35 mi |
Mantua Pike | Twells Ave | 2018 | 19,964 | 0.36 mi |
Salem Avenue | Morris St | 2017 | 8,962 | 0.38 mi |
Salem Ave | Emerson St | 2011 | 12,107 | 0.40 mi |
South Barber Avenue | S Evergreen Ave | 2018 | 7,734 | 0.41 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]