20 North Main Street, Allentown, NJ 08501
Fee-simple bank asset on a 15-year absolute NNN lease with remaining primary term and scheduled escalations.
- Added:
- Jun 3, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 6 at 5:01 am
Property Features for 20 North Main Street
General Information
- Standard status
- Active
- Size
- 2,830 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1975
Listing agent Alex Sharrin License #IL 475.170243
Listing office JLL Chicago | Americas Headquarters
Listing date Jun 3, 2026
Source Crexi
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 JLL Chicago | Americas Headquarters
HighLights
- Fee‑simple Fulton Bank at 20 N Main Street, Allentown, NJ
- Operating on a 15‑year absolute NNN lease with 13.0 years of primary term remaining
- 2.25% annual rent escalations
- Includes three five‑year renewal options
- Lease structure specifies zero landlord responsibilities
Overview
Located at 20 N Main Street in Allentown, New Jersey, the property consists of 2,830 square feet (as provided) and is being presented as an investment opportunity for buyers seeking a stabilized, fee ownership position with an existing banking tenant.
For investors, the practical appeal here is the combination of fee simple ownership and an in-place absolute NNN lease with defined rent escalations and renewal options. With the tenant currently operating the space under the stated lease terms and zero landlord responsibilities, the asset is positioned to fit buyers looking for a straightforward income-stream profile tied to the existing lease agreement.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.1k | $21.60 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $57.7k | $20.39 |
| − OpEx | −$14.4k | −$5.10 |
| NOI | $43.3k | $15.29 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.5834042
- Latitude
- 40.1787243
