Retail and Bank
1200 Hwy 35 South Middletown, NJ 07748
1200 Hwy 35 South, Middletown, NJ, 07748
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For Sale
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New CVS and Chase Bank ground leases are under construction on a highly visible corner parcel at Route 35 and New Monmouth Road.
Lot Size3.04 Acres
Days on Market103
Property Features for 1200 Hwy 35 South
General Information
- Standard status
- Active
- Lot size
- 3.04 Acres
- Property subtype
- Retail
Listing agency
Horvath & Tremblay
Listed by
Bob Horvath · License #CT 756500
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 5:38PM Checked: Jul 21 at 5:38PM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
A brand-new, stand-alone CVS and Chase Bank property is currently under construction on a highly visible 3.04-acre corner parcel. The offering includes a CVS lease with a 25-year initial term and eight five-year renewal options, with a 10% rent increase at the start of each option period. The Chase Bank ground lease includes an initial 20-year term with four five-year renewal options, and calls for 10% rent increases every five years during the initial term and at the start of each option period.
The property is positioned along a highly traveled retail corridor with convenient access from both Route 35 and New Monmouth Road at their intersection. The properties are anticipated to open for business and begin renting in March 2019.
This is a dedicated CVS and bank investment opportunity on a corner retail site in Middletown, part of the New York Metropolitan Area.
The property is positioned along a highly traveled retail corridor with convenient access from both Route 35 and New Monmouth Road at their intersection. The properties are anticipated to open for business and begin renting in March 2019.
This is a dedicated CVS and bank investment opportunity on a corner retail site in Middletown, part of the New York Metropolitan Area.
Key Highlights
- New CVS and Chase Bank ground leases under construction on a 3.04‑acre corner parcel at Route 35 and New Monmouth Road in Middletown, NJ
- CVS lease: 25‑year initial term with 8, five‑year renewal options
- CVS lease includes 10% rent increases at the start of each option period
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
Similar Off Market Nearby
- CVS — 1200 NJ-35, Middletown Township, NJ 07748
- Stop & Shop Pharmacy — 850 NJ-35, Middletown Township, NJ 07748
- Danielle Fitzgerald — 850 NJ-35, Middletown Township, NJ 077484203
- Tarjani Desai — 850 NJ-35, Middletown Township, NJ 07748
- Food Circus Super Markets Inc — 853 NJ-35, Middletown Township, NJ 07748
FAQs
What type of property is this?
Drug store - New CVS and Chase Bank ground leases are under construction on a highly visible corner parcel at Route 35 and New Monmouth Road.
Where is this drug store located?
The property is located at 1200 Hwy 35 South Middletown, NJ.
What are key features of this property?
This property features: New CVS and Chase Bank ground leases under construction on a 3.04‑acre corner parcel at Route 35 and New Monmouth Road in Middletown, NJ; CVS lease: 25‑year initial term with 8, five‑year renewal options; CVS lease includes 10% rent increases at the start of each option period
