Fee Simple Absolute NNN Bank
205 East Kennedy Boulevard Lakewood, NJ 08701
205 East Kennedy Boulevard, Lakewood, NJ, 08701
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For Sale
Contact for pricing
Pending
Fee simple bank asset with an absolute NNN lease featuring term remaining, scheduled escalations, and landlord responsibility-free structure.
Property Size3,912 SF
Days on Market51
Property Features for 205 East Kennedy Boulevard
General Information
- Standard status
- Pending
- Size
- 3,912 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing agency
JLL Chicago | Americas Headquarters
Listed by
Alex Sharrin · License #IL 475.170243
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:50PM Checked: Jul 22 at 4:06AM
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.
This offering presents the fee simple interest in a Fulton Bank property at 205 East Kennedy Boulevard in Lakewood, New Jersey. The asset is operated under a 15-year absolute NNN lease, currently with approximately 13.0 years of primary lease term remaining. The lease includes 2.25% annual rent escalations, along with three five-year renewal options.
The property is presented for acquisition as a single-tenant, NNN structure, with underwriting details provided around the tenant’s current operating lease and its renewal framework. The absolute NNN language also specifies zero landlord responsibilities, shifting responsibility for the property’s standard operating obligations to the tenant under the lease.
For buyers seeking a fee simple, single-tenant investment, this structure is designed to provide a defined lease term and contracted rent growth through the 2.25% annual escalations. The combination of an absolute NNN obligation set, the remaining primary term of roughly 13 years, and the available renewal options can be important considerations for investors evaluating lease-backed cash flow on a straightforward, ownership-level basis.
The property is presented for acquisition as a single-tenant, NNN structure, with underwriting details provided around the tenant’s current operating lease and its renewal framework. The absolute NNN language also specifies zero landlord responsibilities, shifting responsibility for the property’s standard operating obligations to the tenant under the lease.
For buyers seeking a fee simple, single-tenant investment, this structure is designed to provide a defined lease term and contracted rent growth through the 2.25% annual escalations. The combination of an absolute NNN obligation set, the remaining primary term of roughly 13 years, and the available renewal options can be important considerations for investors evaluating lease-backed cash flow on a straightforward, ownership-level basis.
Key Highlights
- Fee simple Fulton Bank property at 205 E Kennedy Blvd, Lakewood, NJ
- Operating on a 15‑year absolute NNN lease with ~13.0 years of primary term remaining
- Annual 2.25% rent escalations built into the lease
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fulton Bank
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Fee simple bank asset with an absolute NNN lease featuring term remaining, scheduled escalations, and landlord responsibility-free structure.
Where is this bank located?
The property is located at 205 East Kennedy Boulevard Lakewood, NJ.
What is the asking price?
The asking price for this property is $2,782,000.
What are key features of this property?
This property features: Fee simple Fulton Bank property at 205 E Kennedy Blvd, Lakewood, NJ; Operating on a 15‑year absolute NNN lease with ~13.0 years of primary term remaining; Annual 2.25% rent escalations built into the lease
