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101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo
101 South Ave, Cranford, NJ 07016 Photo

16 Total Photos [Click to View All]

101 South Ave Cranford, NJ 07016
$3,990,000
Active / MLS# 3989060 / Commercial - Business / Cranford
0 Beds
2 Baths
2 Half Baths
4050 SqFt

UNBELIEVABLE: BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20% RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR'S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 - 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY'S, NOI: $319,440 CAP RATE: 8.00 %

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Property Details

Property Type: Commercial - Business
Fuel Type: Gas-Natural
Lot Size: 0.47 Acres
Roof Type: Asphalt Shingle
Stories: 1.0
Taxes: $47,595

Feature Descriptions

Days on Site: 248
Equipment Available: Fire Alarm, See Remarks, Sign - Freestanding
Exterior: Brick/Block
Flooring: Carpeting, Laminate, See Remarks
Lease Type: Net
Location: Business District, See Remarks
Lot: Level Lot
Lot Dimensions: 0.47 acre(s)
Max Door height: 7
Parking: Lighting, Parking Lot-Exclusive, See Remarks
Sewer: Public Sewer, See Remarks
Units: 1
Utilities: Electric, Gas-Natural
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: BHHS FOX & ROACH
Agency Contact: 908-938-6405

Shown By

Agency Title: Hallmark Realtors
Agency Phone: (732) 574-9400

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