447 Springfield Ave | Berkeley Heights, NJ 07922
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- LoopNet Team
447 Springfield Ave
Berkeley Heights, NJ 07922
447 Springfield Ave, Berkeley Heights · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Single Tenant NNN Lease Citizens Bank pays $126,500 / annum. Tenant is responsible for real estate taxes, all repairs & maintenance (+roof/structural)
- Desirable Retail Location diagonal from The Berkeley Heights Shopping Center featuring Dunkin’, Stop & Shop, amongst other recognized retailers
- Favorable Placer .AI Data • 5,600 customers make a combined 17,800 visits to this Citizens Bank per year
- Credit Tenancy - Citizens Bank, NA is an investment grade tenant with an “A-” rating by S&P Global Ratings, and has over 1,000 locations
- Exposure | Frontage | Traffic • 80’+ of frontage along Springfield Avenue • Three individual drive through service bays
- Strong Local Demographics: Berkeley Heights • Total Households 4.66K • Median Household Income $198K • Daytime Total Population 13.65K
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,818 SF
Year Built/Renovated
1956/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.13 AC
Zoning
DD (Downtown Development)
AMENITIES
- Banking
- Pylon Sign
- Signage
- Drive Thru
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Number | 01-00212-0000-00005 | Improvements Assessment | $223,400 |
| Land Assessment | $371,100 | Total Assessment | $594,500 |
PROPERTY TAXES
Parcel Number
01-00212-0000-00005
Land Assessment
$371,100
Improvements Assessment
$223,400
Total Assessment
$594,500
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