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Absolute NNN Bank (Dark) | 30% Cap Rate 2155 Atco Ave 4,550 SF Retail Building Atco, NJ 08004 $700,000 ($153.85/SF) 25% Cap Rate
Investment Highlights
- Absolute NNN Lease: The subject property benefits from an absolute NNN lease with zero landlord responsibilities and 2% annual increases.
- Strong Demographics: Under 25-miles from downtown Philadelphia and part of the Philadelphia MSA
- High Cap Rate Opportunity: A future investor will benefit from the remaining lease term and Net Income, acquiring the subject property above a 30% Cap
- Below Replacement Cost: The property offers an attractive entry basis of $154/per foot at list price
- Owner User / Value-Add Opportunity: Current tenant has lease in-place until 12/31/2028 allowing a future investor ample time to find a new tenant
- Highly Visible: The subject property is located along Atco Ave., the major thoroughfare serving the town of Atco
Executive Summary
Broker of Record
Patrick Forde
License # 122887 (NJ)
Firm # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Patrick Forde
License # 122887 (NJ)
Firm # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,550 SF
Building Class
B
Year Built/Renovated
1920/2000
Price
$700,000
Price Per SF
$153.85
Cap Rate
25%
NOI
$175,000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.29 AC
Zoning
Commercial/Financial
Parking
15 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-01011-0000-00013 | Improvements Assessment | $457,200 |
| Land Assessment | $141,000 | Total Assessment | $598,200 |
Property Taxes
Parcel Number
35-01011-0000-00013
Land Assessment
$141,000
Improvements Assessment
$457,200
Total Assessment
$598,200
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Absolute NNN Bank (Dark) | 30% Cap Rate | 2155 Atco Ave
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