Drive-Through ATM Bank
New
For Sale
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357 N State Rt 17, Paramus, NJ 07652
Bank of America occupies the site for drive-thru ATM operations under a net lease.
Property SizeContact for details
Lot Size0.50 Acres
Days on Market2
Property Features for 357 N State Rt 17
General Information
Standard status
Active
Lot size
0.50 Acres
Property subtype
LAND
Occupancy
100%
Site & Location
Traffic Count
147,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
RIPCO Real Estate - Queens
(718) 663-2650
Listed By:
Stephen R. Preuss
(516) 647-7155
Source:
Moodyscre
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:54AM
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 RIPCO Real Estate - Queens
Investment Insights
Based on property information with market context.
This bank property at 357 N State Rt 17 in Paramus is occupied by Bank of America and operates as a drive-thru ATM. The net lease dates to 2019 and includes two five-year renewal options, with 10% rent increases. The tenant’s stated credit ratings are A- from S&P Global, AA- from Fitch, and A1 from Moody’s.
The property fronts State Rt 17, where traffic is reported at approximately 147,000 vehicles in AADT. IKEA is a three-minute drive away and records approximately 1.1M visits annually; the nearby Container Store ranks first in New Jersey and within the top 9% of locations nationwide by visits.
The property fronts State Rt 17, where traffic is reported at approximately 147,000 vehicles in AADT. IKEA is a three-minute drive away and records approximately 1.1M visits annually; the nearby Container Store ranks first in New Jersey and within the top 9% of locations nationwide by visits.
Key Highlights
- Bank of America occupies the property for drive‑thru ATM operations
- Net lease in place since 2019
- Two five‑year lease options include 10% rent increases
Property Analytics
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Open Analytics
Current Use
Lease Details
147,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 07652, NJ
26,698
Population
8,898
Households
3
Avg Household Size
48
Median Age
50%
College-Educated
94%
High-School Grad
10.4 sq mi
ZIP Area
2,567
Density / Sq Mi
$139,707
Median Household Income
$66,256
Median Earnings
$2,845
Median Rent
$736,000
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bank - Bank of America occupies the site for drive-thru ATM operations under a net lease.
Where is this bank located?
The property is located at 357 N State Rt 17 Paramus, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Bank of America occupies the property for drive‑thru ATM operations; Net lease in place since 2019; Two five‑year lease options include 10% rent increases
