DARK CHASE BANK OFFERING | 5 E Railroad Ave
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DARK CHASE BANK OFFERING 5 E Railroad Ave
3,991 SF Retail Building Jamesburg, NJ 08831 $2,154,675 CAD ($540 CAD/SF) 14.12% Cap Rate
Investment Highlights
- Dark Chase Bank Lease – Chase Bank is operating on a dark lease through December 31, 2025. The rental obligations owed a total of $211,750.
- Drive-Thru Capability – Chase Bank has four (4), drive-thru lanes.
- Redevelopment/Owner-User Opportunity – Zoned Central Business District (CBD), taxes are $20,348.00 annually.
- Large Lot Size – Subject Property is situated on two parcels of land totaling 1.55 AC.
- Strong Demographics – Average household income within a one-mile radius is $130,784.
Executive Summary
Broker of Record
Patrick Forde
License No. 2330333 (NJ)
Patrick Forde
License No. 2330333 (NJ)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,991 SF
Building Class
B
Year Built
2000
Price
$2,154,675 CAD
Price Per SF
$540 CAD
Cap Rate
14.12%
NOI
$304,240 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.85 AC
Opportunity Zone
Yes
Zoning
CBD
Parking
30 Spaces (7.51 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 08-00028-0000-00002-03 | Improvements Assessment | $428,703 CAD |
Land Assessment | $526,024 CAD | Total Assessment | $954,727 CAD |
PROPERTY TAXES
Parcel Number
08-00028-0000-00002-03
Land Assessment
$526,024 CAD
Improvements Assessment
$428,703 CAD
Total Assessment
$954,727 CAD
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DARK CHASE BANK OFFERING | 5 E Railroad Ave
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