101 South Ave, Cranford, NJ 07016

Building Details

Year Built

9999

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

Listing date Mar 11, 2026

Source Elliman

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Overview

This property features a Bank of America ground lease, situated on a hard corner at a signalized intersection in Cranford Township, Union County. The 4,050 square foot bank building includes double drive-through lanes. 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, with a Standard & Poor's credit rating of A-/Stable, has over $67 million in deposits at this location. The area boasts excellent demographics, with over 461,000 people within a 5-mile radius and an average household income exceeding $167,000. The property offers easy access to major 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 7.50%.

Suggested Use

Hotel & Motel Bar & Pub Clothing & Fashion Store Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Furniture & Home Goods Discount Store Pet Grooming Service Garden Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Cranford

County

Union

State

New Jersey

Longitude

-74.3116

Latitude

40.6534

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FAQs

What type of property is this?

Bank - Long-term Bank of America ground lease in 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 $4,259,000.

What are key features of this property?

This property features: Bank of America Long Term Ground Lease with A-/Stable Credit Rating; $319,440 NOI with a 7.50% Cap Rate; High Traffic Location: 30,000 Vehicles Per Day at Signalized Intersection