Bank Building on Absolute NNN
For Sale
Contact for pricing
Pending
200 Bridgeton Pike, Mantua, NJ 08051
Fee simple bank property with an absolute NNN structure and remaining primary term.
Property Size3,292 SF
Days on Market95
Property Features for 200 Bridgeton Pike
General Information
Standard status
Pending
Size
3,292 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Additional Details
Business Included
Yes
Building Details
Year Built
1994
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Jun 3
Changed: Aug 8
Last Checked: Jul 24 at 4:19PM
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 property is a fee simple, single-tenant Fulton Bank located at 2200 Bridgeton Pike in Mantua Township, New Jersey. The building is operated under a 15-year absolute NNN lease, with approximately 13.0 years remaining in the primary term. The lease includes 2.25% annual rent escalations and offers three, five-year renewal options. Under the “absolute NNN” structure, landlord responsibilities are described as zero.
The asset is presented for sale as an operating bank location, with the current tenant in place under the existing lease terms. Jones Lang LaSalle Americas, Inc. (JLL) is offering the opportunity to acquire the property in its fee simple interest.
This offering is positioned for investors seeking a stabilized, single-tenant NNN bank asset with defined lease duration and contractual rent escalations. The absolute NNN framework and stated zero landlord responsibilities may appeal to buyers looking to minimize landlord involvement while maintaining a remaining primary lease term and renewal opportunities under the existing lease. The sale is being marketed with the lease and responsibility terms as key components of the acquisition consideration.
The asset is presented for sale as an operating bank location, with the current tenant in place under the existing lease terms. Jones Lang LaSalle Americas, Inc. (JLL) is offering the opportunity to acquire the property in its fee simple interest.
This offering is positioned for investors seeking a stabilized, single-tenant NNN bank asset with defined lease duration and contractual rent escalations. The absolute NNN framework and stated zero landlord responsibilities may appeal to buyers looking to minimize landlord involvement while maintaining a remaining primary lease term and renewal opportunities under the existing lease. The sale is being marketed with the lease and responsibility terms as key components of the acquisition consideration.
Key Highlights
- Fee simple Fulton Bank property at 2200 Bridgeton Pike in Mantua Township, New Jersey
- Operating under a 15‑year absolute NNN lease with 13.0 years of primary term remaining
- 2.25% annual rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,175
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$843,500
$843.5K
Cap Rate 7%
$602,500
$602.5K
Cap Rate 9%
$468,611
$468.6K
Market Conditions
NOI Build-Up for 3,292 SF
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.
Gross rent
$59.3K $18.00/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$56.2K $17.08/SF
− OpEx
−$14.1K −$4.27/SF
NOI
$42.2K $12.81/SF
Area
Gloucester County, NJ
Vacancy
5.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$843,500
Cap Rate 7%
$602,500
Cap Rate 9%
$468,611
Alternative Uses
Best Use
Specialty Retail
$602.5K
$527.2K – $702.9K
NOI $42,175 @ 7.0% cap · market cap 3.07%
Second Best
Retail
$532.3K
$465.8K – $621.1K
NOI $37,264 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.11M
$968.3K – $1.29M
NOI $77,460 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 42%
Home Improvements & Furnishings 31%
Shops & Services 23%
Dining 3%
Kohl's
Apparel
49,217 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
36,517 visits/mo
0.5 miles
Dollar General
Shops & Services
15,662 visits/mo
0.1 miles
AutoZone
Shops & Services
4,843 visits/mo
0.1 miles
Fulton Bank
Shops & Services
4,443 visits/mo
0.1 miles
Demographics for 08051, NJ
10,644
Population
4,602
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,801
Density / Sq Mi
$97,452
Median Household Income
$57,900
Median Earnings
$1,691
Median Rent
$249,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Fee simple bank property with an absolute NNN structure and remaining primary term.
Where is this bank located?
The property is located at 200 Bridgeton Pike Mantua, NJ.
What is the asking price?
The asking price for this property is $1,374,000.
What are key features of this property?
This property features: Fee simple Fulton Bank property at 2200 Bridgeton Pike in Mantua Township, New Jersey; Operating under a 15‑year absolute NNN lease with 13.0 years of primary term remaining; 2.25% annual rent escalations
