Cranford Twp. Cranford, NJ 07016

Building Details

Year built

9999

Listing agent Timothy Deluccia Show Phone

Listing office BHHS Fox & Roach Martinsville South Sales Office A***@foxroach.com NJ

Listing date Sep 25, 2025

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MLS# 3989060

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

A 4,050 SF bank building offered for sale as a long-term ground lease. The property includes double drive-through lanes and is situated at a hard corner with a signalized intersection. The leasing structure features four (4) five-year renewal options with 20% rent increases each option.

The site is located in Cranford Township, Union County, at 101 South Ave. The frontage is described as handling approximately 30,000 vehicles per day, with the Cranford NJ Transit station noted as less than 1/2 mile away. The remarks also state easy access to major nearby highways, including I-95, Garden State Parkway, Route 22, Route 28, Route 9, and I-78.

Bank of America is identified as the ground lessee under a long-term lease. The offering information cites a Standard & Poor’s credit rating of A-/Stable for Bank of America, along with deposits at this location of $67M+. The financial highlights provided include an NOI of $319,440 and an 8.00% cap rate.

Key Highlights

• Bank of America long‑term ground lease provides stable, reliable income.
• High‑traffic location at a signalized hard corner with 30,000 vehicles per day.
• Strong financial performance with $67M+ deposits at this Bank of America location.

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FAQs

What type of property is this?

Bank - Long-term Bank of America ground lease with double drive-through lanes on a signalized corner intersection.

Where is this bank located?

The property is located at Cranford Twp. Cranford, NJ.

What is the asking price?

The asking price for this property is $3,990,000.

What are key features of this property?

This property features: Bank of America long‑term ground lease provides stable, reliable income.; High‑traffic location at a **signalized hard corner with 30,000 vehicles per day.**; Strong financial performance with $67M+ deposits at this Bank of America location.