Provident Bank – Long-Term Single Tenant NNN Opportunity in Hudson County

  • $2,350,000
Bayonne, New Jersey

Overview

Listing ID: 20998

Description

As exclusive agent, Cushman & Wakefield is pleased to offer the opportunity to acquire 569 Broadway Bayonne, New Jersey.​ This corner location on the Broadway of Bayonne is part of a very vibrant, pedestrian friendly retail and residential neighborhood.​ The location boasts an extremely dense and loyal population, with a population density of 6,914 persons per square mile, which tends to patronage local businesses.​ Every retail, grocery and dining option are within walking distance.​

Investment Highlights

  • ​Single Tenant Provident Bank Branch offering stable in-place income
  • ​Situated in Hudson County’s Gold Coast
  • ​Dense location with over 1664,000 people within a 3-mile radius
  • ​In-place NOI of $117,473
  • Address 569 Broadway, Bayonne, NJ 07002, USA
  • City Bayonne
  • State/county New Jersey
  • Zip/Postal Code 07002
  • Area Constable Hook
  • Country United States

Details

Updated on August 20, 2021 at 9:55 am
  • Listing ID: 20998
  • Price: $2,350,000
  • Business Type: Banking and Loans
  • Listing Status: For Sale
  • Business Is: Absentee Owner

Additional details

  • Property Type : Retail
  • Investment Type : Net Lease
  • Subtype : NNN
  • Lease Type : NNN
  • Lease Expiration : 12/31/2027
  • Tenancy : Single
  • Lot Size : (acres) 0.06
  • Rent Bumps : 1.5% annually
  • 50% Down Payment: $1,175,000

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