•Republic Bank ground lease pad site to Liberty View (7- story 121,000
SF Office Bldg) just off Route 38, Cherry Hill, Camden County, New Jersey
•$172M Deposits at this branch
•Just under 13 years remaining on the current term of the lease with 10%
rent increases every 5 years and 4-5
year renewal options with FMV at each option
•Republic Bank has been in business over 36 years and has 35 locations
in New Jersey, New York, and Pennsylvania
•Liberty View is comprised of multiple law firms as well as financial
services and medical tenants
•Currently 88% occupied providing potential upside in leasing the vacant
suites (14,680 SF)
•Prime location at the junction of Haddonfield Road and Route 38
•Diagonally across from the Cherry Hill Mall (1.3 million SF) with other
nearby national retailers including Target, Kohl's, and Hobby Lobby
•7 miles to center city Philadelphia
•Haddonfield Road has over 38,000 cars/day and Route 38 has over 58,000
cars/day
•Excellent demographics with over 304,000 people within 5 miles and a
1-mile average household income over $104,000