Building Details

Tenancy Single

Listing Agency: JLL Chicago | Americas Headquarters

Listed By: Alex Sharrin · License #IL 475.170243

Source: Crexi

Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 7:14PM

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Investment Insights

Based on property information with market context.

The property is a single-tenant bank building occupied by Valley National Bank at 207 Hackensack St in Wood-Ridge, New Jersey. The branch has operated at this location for over 15 years, providing an established operating history at the site.

A 15-year absolute NNN lease commenced in 2019 and includes 2.00% annual rental escalations. The lease has 8.7 years remaining, along with 12 renewal options. Valley National Bank operates a broad retail banking network and is headquartered in New Jersey. The property is positioned in a suburban market with access to New York City and Newark, as well as public transportation.

Key Highlights

• Single‑tenant bank property occupied by Valley National Bank
• 15‑year absolute NNN lease commenced in 2019
• 2.00% annual rental escalations

Property Analytics

Property Profile

Current Use

Valley Bank Bank Appliance Repair Wood-Ridge Home Appliance Store Valley Bank ATM Atm

Suggested Use

Top Pick Law Firm Spa & Massage Center Daycare Center Hair Salon (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

845

Businesses Nearby

65k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 52% Shops & Services 37% Hotels & Casinos 11%

Wendy's Dining

19,037 visits/mo 0.4 miles

White Castle Dining

13,311 visits/mo 0.5 miles

Exxon Shops & Services

11,460 visits/mo 0.5 miles

7-Eleven Shops & Services

7,270 visits/mo 0.3 miles

Element New York Wood-Ridge Hotels & Casinos

7,021 visits/mo 0.4 miles

Demographics for 07075, NJ

10,137

Population

3,888

Households

2.6

Avg Household Size

39

Median Age

54%

College-Educated

97%

High-School Grad

1.1 sq mi

ZIP Area

9,215

Density / Sq Mi

$131,412

Median Household Income

$72,607

Median Earnings

$1,886

Median Rent

$532,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Bank - Occupied by Valley National Bank under an absolute NNN lease with annual rent escalations and renewal options.

Where is this bank located?

The property is located at 207 Hackensack St Wood-Ridge, NJ.

What are key features of this property?

This property features: Single‑tenant bank property occupied by Valley National Bank; 15‑year absolute NNN lease commenced in 2019; 2.00% annual rental escalations