Property Details
Price :
Square Feet :
Cap Rate :
$5,172,000
3,875
5.75%
NOI :
Acres :
$297,400
0.68
Property Type :
Property Status :
Net Lease
Available
Investment Highlights
- Investment-Grade Corporate Tenant – Leased to Citizens Bank, one of the nation's largest regional financial institutions with approximately $230 billion in assets, an investment-grade BBB+ credit rating, and more than 1,000 branch locations throughout the United States.
- NNN Lease – Tenant is responsible for taxes, tenant insurance, repairs, maintenance, utilities, roof and structure, providing an investor with passive ownership.
- Prime Hard Corner Location – Highly visible signalized corner of Madison Avenue and 6th Street, benefiting from approximately 35,500 vehicles per day and excellent access, visibility, and frontage within one of Lakewood's primary commercial corridors.
- Strong Deposit Base – Approximately $128 million in branch deposits demonstrates a well-established and successful banking operation.
- Located in One of New Jersey's Fastest-Growing Markets – Lakewood continues to experience exceptional residential growth, fueling sustained demand for banking, retail, medical, and service-oriented businesses while supporting long-term real estate appreciation.
- Modern Purpose-Built Bank Facility – Attractive 3,875-square-foot branch constructed in 2012 on a 0.68-acre corner parcel with dedicated parking and multiple drive-thru lanes, representing a significant tenant investment in the location.
- Strong Banking Corridor – Positioned among established financial institutions and directly adjacent to Lakewood Municipal Court, creating consistent daily traffic and reinforcing the property's importance within the community's financial services corridor.
- Dense Residential Customer Base – Surrounded by rapidly expanding residential neighborhoods, including newly developed multifamily housing, providing a growing customer base that supports continued branch utilization and long-term tenant demand.
- Excellent Regional Accessibility – Conveniently located minutes from Route 70, the Garden State Parkway, and Interstate 195, providing outstanding connectivity throughout Central New Jersey and the greater New York and Philadelphia metropolitan regions.
- Fee Simple Ownership – Investors benefit from full fee-simple ownership allowing for valuable depreciation tax benefits.
Listing Contacts
