Bank Building with Drive-Through
For Sale
$3,990,000
101 South Ave #101, Cranford, NJ 07016
The banking property is subject to a long-term Bank of America ground lease at a signalized intersection.
Property Size4,050 SF
Price / SF$985.19
Days on Market394
Property Features for 101 South Ave #101
General Information
Standard status
Active
Size
4,050 SF
Property subtype
Commercial
Zoning
COMMERCIAL
Lease Type
Net
Net Operating Income
$319,440
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
8%
Building Details
Building Size
4,050 SF
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Bhhs Fox & Roach
(732) 469-1515
Listed By:
Tim Deluccia · License #8243435
(732) 907-2901
Source:
Cammarotarealestate
Added: Sep 25, 2025
Changed: Oct 22
Last Checked: Oct 22 at 2:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bhhs Fox & Roach
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Investment Insights
Based on property information with market context.
This 4,050-square-foot bank property is occupied by Bank of America under a long-term ground lease. The building has double drive-through lanes, and the lease includes four five-year renewal options with 20% rent increases at each option. The reported cap rate is 8.00%, and the tenant’s Standard & Poor’s rating is A-/Stable.
The property sits at a signalized intersection in Cranford Township, Union County, with reported traffic of 30,000 vehicles per day. Cranford NJ Transit station is less than 1/2 mile away. Nearby retail names cited include Dunkin’ Donuts, Home Depot, ShopRite, McDonald’s, QuickChek, Wawa, and Wendy’s. Access to I-95, the Garden State Parkway, Route 22, Route 28, Route 9, and I-78 is noted. The zoning is commercial.
The property sits at a signalized intersection in Cranford Township, Union County, with reported traffic of 30,000 vehicles per day. Cranford NJ Transit station is less than 1/2 mile away. Nearby retail names cited include Dunkin’ Donuts, Home Depot, ShopRite, McDonald’s, QuickChek, Wawa, and Wendy’s. Access to I-95, the Garden State Parkway, Route 22, Route 28, Route 9, and I-78 is noted. The zoning is commercial.
Key Highlights
- 4,050‑square‑foot bank building with double drive‑through lanes
- Bank of America long‑term ground lease
- Four (4) five (5) year renewal options; 20% rent increases each option
Property Analytics
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Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
108k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 23%
Dining 22%
Beauty & Spa 1%
Lidl
Groceries
25,300 visits/mo
0.3 miles
Taco Bell
Dining
13,747 visits/mo
0.4 miles
Dollar General
Shops & Services
13,384 visits/mo
0.2 miles
Pet Supplies Plus
Shops & Services
11,903 visits/mo
0.3 miles
Chase Bank
Shops & Services
6,280 visits/mo
0.1 miles
Demographics for 07016, NJ
23,827
Population
9,619
Households
2.5
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
4.7 sq mi
ZIP Area
5,070
Density / Sq Mi
$148,629
Median Household Income
$84,980
Median Earnings
$2,116
Median Rent
$635,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - The banking property is subject to a long-term Bank of America ground lease at a signalized intersection.
Where is this bank located?
The property is located at 101 South Ave #101 Cranford, NJ.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: 4,050‑square‑foot bank building with double drive‑through lanes; Bank of America long‑term ground lease; Four (4) five (5) year renewal options; 20% rent increases each option
