190 Center St
Clinton Township, NJ 08809
Chase Bank: Clinton, NJ · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 0.72-acre parcel occupied by a newly constructed 3,028-square-foot freestanding Chase Bank in Clinton, NJ, which is part of the New York MSA (Population: 20.1 Million). Clinton (Population: 2,826) is an upscale community nestled on the Southern Branch of the Raritan River, just 54 miles west of New York City. Chase Bank’s 20-year absolute NNN ground lease features 10% rent increases every 5 years during the initial term, as well as in each of the four 5-year renewal options. The site is ideally situated with excellent access and visibility on Center Street, just west of the intersection of Route 31 and I-78 (Combined Traffic Count: 136,419 VPD) which provides direct access to New York City. Chase is immediately adjacent to Coldwell Bank, Dunkin Donuts and Clinton Park & Ride, and is across Center Street from Peapack-Gladstone Bank and McDonald’s. The site benefits from a substantial built-in customer base due to its location less than two miles from The Goddard School, Clinton Township Middle School, Spruce Run Elementary School and North Hunterdon Regional High School, which all bring significant traffic to the immediate area. The bank is located within the area’s primary retail and commercial corridor with 1.0 MSF of retail and 1.6 MSF of office within a 3-mile radius. Other retailers with a presence in the immediate vicinity include Walmart, ShopRite, T.J. Maxx, Snap Fitness, Mavis Discount Tire, NAPA Auto Parts, PetValu, Sally Beauty Supply, Rite Aid, Unity Bank, PNC Bank, Bank of America, Provident Bank, Cracker Barrel, Subway and Verizon, among many others. Additionally, the property benefits from upscale demographics with a population of 19,227 and an average household income of $138,682 within a 3-mile radius.