56 W Mount Pleasant Ave | Livingston, NJ 07039
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- LoopNet Team
56 W Mount Pleasant Ave
Livingston, NJ 07039
Chase Bank · Retail Property For Sale
Investment Highlights
- Successfully operating at this site since 2009 evidenced by their recent execution of a 10-year lease extension and $425M in deposits as of June 2023
- Guaranteed by JPMorgan Chase Bank, N.A.(NYSE: JPM) - investment grade credit rating (S&P A+), 4,700 branches, and more than $3.31T in assets.
- Frontage on W. Mt. Pleasant Avenue (30,795 VPD), just hundreds of feet from its signalized intersection with Livingston Avenue (21,439 VPD)
- NYC MSA Demographics: more than 213K residents within 5 miles of the Subject Property and Average Household Incomes that range from $206K - $267K.
- Absolute-net ground lease with zero landlord responsibilities or potential for expenses; ideal for a passive investor.
- Near major employers such as ADP, Prudential and Novartis Pharmaceuticals as well as medical and legal offices - 19.5% increase in daytime population
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
4,208 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.53 AC
Zoning
B-1
Parking
24 Spaces (5.32 Spaces per 1,000 SF Leased)
Frontage
100’ on Mount Pleasant Ave
Property Taxes
| Parcel Number | 10-01408-0000-00019 | Improvements Assessment | $1,464,200 |
| Land Assessment | $732,800 | Total Assessment | $2,197,000 |
Property Taxes
Parcel Number
10-01408-0000-00019
Land Assessment
$732,800
Improvements Assessment
$1,464,200
Total Assessment
$2,197,000
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