59 E Commerce St
Bridgeton, NJ 08302
Retail Property For Sale

PLEASE BE ADVISED THE EMD FOR THIS ASSET IS 15% COMPRISED OF THE USUAL AND CUSTOMARY 10% PLUS THE 5% BUYER'S PREMIUM IN ACCORDANCE WITH THE PURCHASE & SALE AGREEMENT WHICH IS AVAILABLE IN THE DUE DILIGENCE VAULT FOR REVIEW. Investment Highlights: Building Size: 6,366 sf 3 remote drive-thru lanes Parking lot with 14 parking spaces Sale leaseback of ATM with 3 parking spaces Investment Overview: Ten-x is pleased to present the opportunity to acquire the fee simple interest in a well-located, highly functional surplus land (the "Property") owned by Bank of America and formerly operated as a retail bank branch. The Property has been identified as surplus corporate real estate and is currently vacant. The Property will be acquired at a very attractive price point, with the STARTING BID BEING THE SELLER'S RESERVE PRICE. The Property is ideally suited to an investor or an owner/user that can occupy The Property for its own purposes. Investors interested in a value-add opportunity can utilize an understanding of the local market dynamics and aggressively employ leasing expertise to reposition The Property, then hold for cash flow, or sell for capital appreciation and substantia Investors interested in a value-add opportunity can utilize an understanding of the local market dynamics and aggressively employ leasing expertise to reposition The Property, then hold for cash flow, or sell for capital appreciation and substantial risk-adjusted returns. Other options include re-tenanting The Property as it stands, re-purposing The Property utilizing the existing improvements, or re-developing The Property to a higher and better use. The Property provides the opportunity to acquire a high-quality asset priced massively below replacement cost, offering investors an asset with a competitive advantage over other properties with a higher investment basis. Specifically, the low cost basis will help mitigate downside risk while simultaneously allowing a new owner to offer lower rental rates compared to other properties in the market. The Property offers a flexible and functional configuration that that is conducive to a variety of uses. There is no existing debt on The Property, allowing the purchaser to obtain new financing, pay all cash, or 1031 exchange into the property. With interest rates at historic lows, this provides a great opportunity to lock in low long-term