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3600 Route 42
Turnersville, NJ 08012
Wells Fargo +-4 Year Term | 162M Deposits · Retail Property For Sale
Investment Highlights
- Wells Fargo has +/-four years remaining on its original ground lease with four five-year options and ownership collects $436,498 in income yearly.
- Located at the signalized intersection of Stagecoach Road and Black Horse Pike (Route 42), which sees over 48,000 vehicles per day.
- Population in a 10-mile radius is steadily rising with high average household incomes of over $112,000 per year.
- Opportunity to purchase a ground lease with Wells Fargo, which is a strong corporate tenant with a S&P Credit Rating of AA-.
- Black Horse Pike is highly trafficked and home to retailers like Walmart Supercenter, Target, car dealerships, and more.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Bank
Building Size
5,400 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.87 AC
Parcel Number
18-00112-01-00008
Zoning
HC - Highway Commercial
Parking
30 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
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