34 E Somerset St - Bank FOR SALE


Raritan, NJ 08869
$1,500,000 USD
484-482-2550
34 E Somerset St, Raritan, NJ for Sale
$1,500,000 USD
Bank - FOR SALE
1/1
null | Request Cap Rate

34 E Somerset St
Raritan, NJ 08869


HIGHLIGHTS

  • 2024 Deposits: $339,493,000 (Top 10% performer system-wide)
  • 2% Annual Rental Increases
  • Commitment to Location: TD Bank has just exercised its next option to renew and has operated at this location since 2009 with one (1) 5-year option re
  • TD Bank ( NYSE: TD) has a top tier credit rating: Rated “AA-” by S&P & Rated “A1” by Moody’s

OVERVIEW

Equity Retail Brokers is pleased to exclusively offer for sale or lease, a value add property currently occupied by TD Bank, who has recently extended the lease. TD Bank has operated at this location for nearly 15 years and has recorded $300 M+ in deposits in each of the last 4 years. The building comes with an additional ±2,738 SF of vacant space formerly occupied by a medical office on the first floor and ±4,000 SF of vacant space on the lower level. The property is equipped with two drive-thru lanes and ample off-street parking. The Subject Property is on Somerset Street (Route 626), just off Route 206 and the Somerville Circle, a major retail corridor and commuter thruway. The property benefits from its location in the market and visibility, making it a strong retail or office location.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

N/Av

APN/PARCEL ID

16-00109-0000-00001-01

ASK ABOUT THIS PROPERTY

David LaiterEquity Retail Brokers, Inc.More Info
484-482-2550

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David LaiterEquity Retail Brokers, Inc.More Info
484-482-2550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.