Fee Simple Absolute NNN Bank
For Sale
Contact for pricing
Pending
205 East Kennedy Boulevard, Lakewood, NJ 08701
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 Market70
Property Features for 205 East Kennedy Boulevard
General Information
Standard status
Pending
Size
3,912 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Additional Details
Business Included
Yes
Building Details
Year Built
1980
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 25 at 9:17AM
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
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Wawa
Shops & Services
33,592 visits/mo
0.4 miles
Domino's Pizza
Dining
1,902 visits/mo
0.4 miles
Demographics for 08701, NJ
135,256
Population
33,539
Households
4
Avg Household Size
20
Median Age
33%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
5,476
Density / Sq Mi
$62,811
Median Household Income
$34,970
Median Earnings
$1,701
Median Rent
$430,700
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 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
