Fee Simple Absolute NNN
20 North Main Street Allentown, NJ 08501
For Sale
Contact for pricing
Pending
Fee-simple bank asset on a 15-year absolute NNN lease with remaining primary term and scheduled escalations.
Property Size2,830 SF
Days on Market53
Property Features for 20 North Main Street
General Information
- Standard status
- Pending
- Size
- 2,830 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1975
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 24 at 4:16PM
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
Investment Insights
Based on property information with market context.
The offering is a fee simple bank property operating as a Fulton Bank location. The asset is supported by a 15-year absolute NNN lease structure, with approximately 13.0 years remaining in the primary lease term. Rent is set to increase with 2.25% annual escalations, and the lease includes three, five-year renewal options. The lease is described as having zero landlord responsibilities, shifting responsibility to the tenant under the absolute NNN terms.
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.
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.
Key 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
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 |
2,830 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$618.3K
$541.0K – $721.3K
NOI $43,279 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$577.0K
$504.9K – $673.2K
NOI $40,393 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$739.0K
$646.6K – $862.1K
NOI $51,728 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Fee-simple bank asset on a 15-year absolute NNN lease with remaining primary term and scheduled escalations.
Where is this bank located?
The property is located at 20 North Main Street Allentown, NJ.
What is the asking price?
The asking price for this property is $816,000.
What are key features of this property?
This property features: 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
