Single-Tenant Bank
For Sale
Contact for pricing
Pending
24 Broadway, Hillsdale, NJ 07642
Absolute NNN lease structure with contractual escalations and multiple renewal options supports long-term occupancy.
Property SizeContact for details
Days on Market140
Property Features for 24 Broadway
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
13,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
JLL - Irvine (Orange County), California
Listed By:
Nitya Tak · License #428496
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 1:30PM
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 - Irvine (Orange County), California
Investment Insights
Based on property information with market context.
This single-tenant bank branch at 24 Broadway is occupied by Valley National Bank under an absolute NNN lease executed in 2019. The agreement provides 2.00% annual rental escalations, 8.7 years of remaining term, and 12 five-year renewal options. The lease structure places the property within the bank-focused asset category and provides a defined contractual framework for continued occupancy.
The property fronts Broadway in Hillsdale’s commercial district, where the surrounding retail area contains 127,000 square feet of retail space and the roadway carries 13,000+ VPD. The five-mile trade area includes more than 232,000 residents and 81,000+ households. Valley National Bank operates more than 260 branch locations across six states and has a history dating to 1927.
The property fronts Broadway in Hillsdale’s commercial district, where the surrounding retail area contains 127,000 square feet of retail space and the roadway carries 13,000+ VPD. The five-mile trade area includes more than 232,000 residents and 81,000+ households. Valley National Bank operates more than 260 branch locations across six states and has a history dating to 1927.
Key Highlights
- Single‑tenant Valley National Bank branch at 24 Broadway, Hillsdale, NJ 07642
- Absolute NNN lease executed in 2019 with 8.7 years remaining
- 2.00% annual rental escalations
Property Analytics
Property Profile
Current Use
Lease Details
13,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,251
Businesses Nearby
174k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 32%
Dining 28%
Apparel 20%
Shops & Services 18%
Trader Joe's
Groceries
54,812 visits/mo
0.4 miles
T.J. Maxx
Apparel
35,133 visits/mo
0.1 miles
Wendy's
Dining
27,366 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
11,697 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,757 visits/mo
0.3 miles
Demographics for 07642, NJ
10,143
Population
3,479
Households
2.9
Avg Household Size
44
Median Age
62%
College-Educated
96%
High-School Grad
2.9 sq mi
ZIP Area
3,498
Density / Sq Mi
$169,862
Median Household Income
$69,250
Median Earnings
$1,720
Median Rent
$656,800
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 - Absolute NNN lease structure with contractual escalations and multiple renewal options supports long-term occupancy.
Where is this bank located?
The property is located at 24 Broadway Hillsdale, NJ.
What are key features of this property?
This property features: Single‑tenant Valley National Bank branch at 24 Broadway, Hillsdale, NJ 07642; Absolute NNN lease executed in 2019 with 8.7 years remaining; 2.00% annual rental escalations
