Bank Property with Ground
For Sale
Contact for pricing
54 Morristown Rd, Bernardsville, NJ 07924
JPMorgan Chase Bank N.A. occupies the property under an absolute NNN lease with scheduled rent escalations.
Property SizeContact for details
Days on Market141
Property Features for 54 Morristown Rd
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Kentwood Capital
Listed By:
Ed Breslin · License #FL 3523905
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 3:09PM
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 Kentwood Capital
Investment Insights
Based on property information with market context.
This bank property is leased to JPMorgan Chase Bank N.A., the consumer and commercial banking subsidiary of JPMorgan Chase & Co. The absolute NNN ground lease has approximately 10 years remaining, includes 10% increases every 5 years, and provides five additional 5-year renewal options with 10% increases at each option.
The property is located at 54 Morristown Rd in Bernardsville, New Jersey, within the New York City MSA. Bernardsville is in northern Somerset County, approximately 20 miles west of Newark and 35 miles from New York City. The New York City MSA has a stated population of 19,768,458. JPMorgan Chase & Co. is identified with an S&P rating of A+ and more than 5,500 branches.
The property is located at 54 Morristown Rd in Bernardsville, New Jersey, within the New York City MSA. Bernardsville is in northern Somerset County, approximately 20 miles west of Newark and 35 miles from New York City. The New York City MSA has a stated population of 19,768,458. JPMorgan Chase & Co. is identified with an S&P rating of A+ and more than 5,500 branches.
Key Highlights
- Absolute NNN ground lease with approximately 10 years remaining
- 10% rent increases every 5 years
- Five 5‑year renewal options with 10% increases per option
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
102k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Groceries 35%
Shops & Services 19%
Beauty & Spa 3%
ShopRite
Groceries
35,799 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
12,814 visits/mo
0.1 miles
Starbucks
Dining
12,117 visits/mo
0.1 miles
Dunkin' Donuts
Dining
8,639 visits/mo
0.2 miles
Exxon
Shops & Services
6,819 visits/mo
0.4 miles
Demographics for 07924, NJ
7,650
Population
2,683
Households
2.9
Avg Household Size
41
Median Age
69%
College-Educated
93%
High-School Grad
12.0 sq mi
ZIP Area
638
Density / Sq Mi
$230,752
Median Household Income
$74,760
Median Earnings
$2,155
Median Rent
$733,800
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 - JPMorgan Chase Bank N.A. occupies the property under an absolute NNN lease with scheduled rent escalations.
Where is this bank located?
The property is located at 54 Morristown Rd Bernardsville, NJ.
What are key features of this property?
This property features: Absolute NNN ground lease with approximately 10 years remaining; 10% rent increases every 5 years; Five 5‑year renewal options with 10% increases per option
