Absolute NNN Bank
315 S Black Horse Pike Williamstown, NJ
For Sale
Contact for pricing
Fee simple bank investment with a 15-year absolute NNN lease and remaining primary term.
Property Size3,751 SF
Price / SF$455.61
Days on Market52
Property Features for 315 S Black Horse Pike
General Information
- Standard status
- Active
- Size
- 3,751 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 9:28AM
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 asset consists of a fee simple interest in a Fulton Bank location. The property is operated under a 15-year absolute NNN lease structure, 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 absolute NNN structure is noted as placing zero landlord responsibilities on the owner.
The property is located at 315 S Black Horse Pike in Williamstown, New Jersey. JLL is marketing the opportunity as an acquisition in fee simple.
For buyers seeking a stabilized net lease structure, this offering provides a long-term operating tenant in the bank category with a defined primary term and contractual rent increases. The lease framework also includes multiple renewal options, while the absolute NNN language indicates the owner is not responsible for typical landlord obligations under the stated terms. All leasing and brokerage details referenced are provided in the public remarks.
The property is located at 315 S Black Horse Pike in Williamstown, New Jersey. JLL is marketing the opportunity as an acquisition in fee simple.
For buyers seeking a stabilized net lease structure, this offering provides a long-term operating tenant in the bank category with a defined primary term and contractual rent increases. The lease framework also includes multiple renewal options, while the absolute NNN language indicates the owner is not responsible for typical landlord obligations under the stated terms. All leasing and brokerage details referenced are provided in the public remarks.
Key Highlights
- Fee simple Fulton Bank at 315 S Black Horse Pike, Williamstown, NJ
- Operating under a 15‑year absolute NNN lease with about 13.0 years of primary term remaining
- Lease includes 2.25% annual rent escalations
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.0k | $21.60 |
| − Vacancy | −$4.5k | −$1.21 |
| EGI | $76.5k | $20.39 |
| − OpEx | −$19.1k | −$5.10 |
| NOI | $57.4k | $15.29 |
3,751 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$819.5K
$717.0K – $956.1K
NOI $57,363 @ 7.0% cap · market cap 3.36%
Second Best
Retail
$764.8K
$669.2K – $892.3K
NOI $53,539 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$979.5K
$857.0K – $1.14M
NOI $68,562 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Fee simple bank investment with a 15-year absolute NNN lease and remaining primary term.
Where is this bank located?
The property is located at 315 S Black Horse Pike Williamstown, NJ.
What is the asking price?
The asking price for this property is $1,709,000.
What are key features of this property?
This property features: Fee simple Fulton Bank at 315 S Black Horse Pike, Williamstown, NJ; Operating under a 15‑year absolute NNN lease with about 13.0 years of primary term remaining; Lease includes 2.25% annual rent escalations
