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- LoopNet Team
3600 Route 42
Turnersville, NJ 08012
Wells Fargo - Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Guarantee from Wells Fargo (S&P Rated: AA-)
- This Ground Lease has No Landlord Responsibilities
- Wells Fargo is the 12th Largest Bank in the World and 2nd Largest Bank in the United States
- The Lease is Subject to 13.5% Rental Increases Every 5 Years
- Located at the Signalized Intersection of Black Horse Pike (Rt 42) and Stagecoach Road, this Branch is Exposed to Over 26,782 VPD
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
ABOUT 3600 ROUTE 42 , TURNERSVILLE, NJ 08012
Retail; Gloucester County Equity Retail Brokers: Offered for sale to qualified investors is the rare opportunity to purchase a Wells Fargo ground lease in the Philadelphia MSA. Located in Washington Township, NJ, the subject property features a free-standing Wells Fargo building with a drive-thru. The subject property sits at the signalized intersection of Route 42 (Black Horse Pike) and Old Stage Coach Road in Turnersville (Washington Township), New Jersey directly across from the 216,000 S.F Wal-Mart anchored Cross Keys Shopping Center, which also includes tenants such as Staples, Marshalls, and Ross Dress For Less. Other retailers along the route 42 corridor include Target, Sam’s Club, Lowe’s, and LA Fitness.
PROPERTY TAXES
| Parcel Number | 18-00112-01-00008 | Improvements Assessment | $1,013,000 |
| Land Assessment | $978,000 | Total Assessment | $1,991,000 |
PROPERTY TAXES
