306 Roseberry St
Phillipsburg, NJ 08865
Chase Bank: Phillipsburg, NJ · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a 0.9 acre parcel occupied by a new construction 3,028-square-foot freestanding Chase Bank in Phillipsburg, New Jersey (Population: 14,500). Phillipsburg is part of both the dynamic Lehigh Valley and Allentown-Bethlehem-Easton, PA-NJ MSA (MSA Population: 835,652). Located just 50 miles north of Philadelphia and 65 miles west of New York, Phillipsburg is situated at the confluence of New Jersey and Pennsylvania. Chase Bank’s 20-year ground lease features 10% rent increases every 5 years during the initial term and in each of the four-5-year renewal options. The site is positioned on the signalized hard corner of Roseberry Street (Traffic Count: 8,125 VPD) and Elder Avenue. In addition, Chase Bank is just one block from Memorial Parkway (Traffic Count: 38,573 VPD), which is the primary artery through Phillipsburg and connects the area to Pennsylvania. The property is conveniently situated just 1.4 miles east of the New Jersey-Pennsylvania border and 0.3 miles south of St. Luke’s Hospital (214 beds). Various schools comprising approximately 6,500 students are located within 1.7 miles of the property, including Lafayette College (Enrollment: 2,533), a 340-acre private institution in Pennsylvania. Phillipsburg boasts dynamic demographics with a 5-mile population of 108,958 and average household income of $81,870. Chase Bank is ideally located within Phillipsburg’s primary commercial corridor which boasts 6.5 MSF of retail, 2.2 MSF of office, 10.5 MSF of industrial and 4,150 multifamily units within a 5-mile radius. The corridor is occupied by Rite Aid, McDonald’s, Exxon, KFC, WaWa, Burger King, Dunkin Donuts, AutoZone, AT&T, Big Lots, Pizza Hut, Sherwin Williams, McDonald’s, Subway and Enterprise, among many others.