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Freestanding Bank Building
For Sale
Contact for pricing
Pending

1072 US-46, Parsippany Troy Hills, NJ 07054

Freestanding bank property built in 2016 on a hard corner with multiple traffic lights.

Property Size3,276 SF
Lot Size0.90 Acres
Days on Market126

Property Features for 1072 US-46

General Information

Standard status Pending
Size 3,276 SF
Lot size 0.90 Acres
Property subtype Retail

Building Details

Year Built 2016
Tenancy Single
Listing Agency: Triple Net Brokers
Listed By: Frank Caporrino · License #NY 10491205822
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Aug 12 at 3:12PM

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 Triple Net Brokers

Investment Insights

Based on property information with market context.

This freestanding bank building offers 3,276 square feet of space on a 0.90-acre parcel. The property was built in 2016 and features a hard corner location with multiple traffic lights.

Bank of America is operating under an absolute NNN lease, with no landlord responsibilities. The asset sits on a dense retail corridor described as having strong demographics and traffic counts.

For sale as a triple net investment opportunity, the building is leased by Bank of America under an absolute NNN structure.

Key Highlights

  • Freestanding 3,276 SF Bank of America property at 1072 Route 46, Parsippany, NJ
  • Built in 2016 and situated on a 0.90‑acre parcel of land
  • Absolute NNN lease with no landlord responsibilities

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Hair Salon Auto Parts Store Barber Shop Nail Salon Parking Lot & Garage Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

857
Businesses Nearby
82k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 52% Shops & Services 35% Hotels & Casinos 13%
McDonald's Dining
20,037 visits/mo 0.3 miles
Wendy's Dining
15,241 visits/mo 0.1 miles
Exxon Shops & Services
14,830 visits/mo 0.1 miles
Embassy Suites by Hilton Parsippany Hotels & Casinos
8,047 visits/mo 0.3 miles
Bank of America Shops & Services
7,399 visits/mo 0.1 miles

Demographics for 07054, NJ

30,228
Population
12,497
Households
2.4
Avg Household Size
41
Median Age
61%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,190
Density / Sq Mi
$107,955
Median Household Income
$69,061
Median Earnings
$1,725
Median Rent
$569,000
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Bank - Freestanding bank property built in 2016 on a hard corner with multiple traffic lights.
Where is this bank located?
The property is located at 1072 US-46 Parsippany Troy Hills, NJ.
What are key features of this property?
This property features: Freestanding 3,276 SF Bank of America property at 1072 Route 46, Parsippany, NJ; Built in 2016 and situated on a 0.90‑acre parcel of land; Absolute NNN lease with no landlord responsibilities
More about this property
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