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Bank of America 788 Marne hwy 4,700 SF 4-Star Retail Building Moorestown, NJ 08057 $7,560,000 ($1,608.51/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- New Construction Long-Term Lease
- Best-In-Class Credit Tenant
- Outstanding Location
- Attractive Rent Increases
- Ground Lease
- Relocation of High Performing Branch
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction Bank of America ground lease located at 788 Marne Highway in Moorestown, New Jersey (the “Property”). The new construction retail branch will consist of a 4,700 square foot building with two dedicated drive through lanes on 1.36-acre parcel. Bank of America signed a new 15-year ground lease with three (3), five-year renewal options. The Lease call for attractive rent increases of 10.0% every five years throughout the base term at the start of each renewal option period. The Property is set to be competed in 2026 with an anticipated rent commencement date of January 5, 2026. The new construction Bank of America will be well positioned at the intersection of Marne Highway and Centerton Road, in the center of an exceptional retail trade area just off Interstate 295 and the New Jersey Turnpike. The Property will benefit from outstanding frontage and visibility, with access from both Marne Highway and Centerton Road and features two dedicated Drive-Thru ATM/Teller lanes. Bank of America is relocating from a very successful and well-established location less than 2 miles from the new construction Property. As of 6/30/2025, the relocating Bank of America Branch at 3131 NJ-38 in Mount Laurel Township held an exceptional deposit base of $498,576,000.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,700 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$7,560,000
Price Per SF
$1,608.51
Cap Rate
5%
NOI
$378,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.36 AC
AMENITIES
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bank of America
- Finance and Insurance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bank of America | Finance and Insurance | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $287,300 | Total Assessment | $287,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$287,300
Improvements Assessment
$0
Total Assessment
$287,300
CONTACTS
-
Todd Tremblay -
Robert Horvath -
Michael Lombardi -
Rob DiFranco -
Horvath & Tremblay
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Bank of America | 788 Marne hwy
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