101 South Ave Cranford, NJ 07016

Building Details

Year Built

9999

Listing Agency BHHS FOX & ROACH t**@delucciacommercialgroup.com Show Phone

Listed by TIM DELUCCIA

Source Corcoran

Added: Sep 25, 2025 Updated: Jul 6 at 10:00 am Checked: Jul 20 at 4:10 am

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Investment Insights

Based on property information with market context.

This property features a 4,050 square foot Bank of America building with double drive-through lanes. It is located at a hard corner signalized intersection in Cranford Township, Union County. The location benefits from high traffic volume, with 30,000 vehicles per day, and is less than half a mile from the Cranford NJ Transit Station. The lease includes four five-year renewal options, each with 20% rent increases. Bank of America has a Standard & Poor's credit rating of A-/Stable. The location has over $67 million in deposits. The surrounding area has excellent demographics, with over 461,000 people within 5 miles and an average household income exceeding $167,000. The property offers easy access to several local highways, including I-95, Garden State Parkway, Route 22, 28, 9, and I-78. Nearby national retailers include Dunkin Donuts, Home Depot, Shoprite, McDonalds, Quick Check, Wawa, and Wendy's. The Net Operating Income (NOI) is $319,440, with a cap rate of 8.00%.

Key Highlights

• Bank of America Long Term Ground Lease with A-/Stable Credit Rating
• High Traffic Location: 30,000 Vehicles Per Day at Signalized Hard Corner
• Strong Financial Performance: $67M+ Deposits at This Bank of America Location

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FAQs

What type of property is this?

Bank - Long-term ground lease with renewal options in affluent Cranford Township.

Where is this bank located?

The property is located at 101 South Ave 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: Bank of America Long Term Ground Lease with A-/Stable Credit Rating; High Traffic Location: 30,000 Vehicles Per Day at Signalized Hard Corner; Strong Financial Performance: $67M+ Deposits at This Bank of America Location