23 Main St | Orange, NJ 07050
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- LoopNet Team
23 Main St
Orange, NJ 07050
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20-Year Absolute NNN Ground Lease with 12% Rental Increases
- PNC Bank (NYSE: “PNC”) is Rated “A“ by S&P
- 787,341 Residents Live Within a Five-Mile Radius
- Relocation From a Top-10 Performing Branch Systemwide with $129M+ in Existing Deposits
- Rare 12% Rental Increases Every Five Years, Providing a Hedge Against Inflation
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
3,580 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.58 AC
Frontage
90’ on MAIN ST
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 17-01701-0000-00014 | Improvements Assessment | $620,000 |
| Land Assessment | $800,000 | Total Assessment | $1,420,000 |
PROPERTY TAXES
Parcel Number
17-01701-0000-00014
Land Assessment
$800,000
Improvements Assessment
$620,000
Total Assessment
$1,420,000
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