Property summary
This exceptional investment opportunity presents a 5,385 square foot retail property, formerly a Bank of America branch, located at 152 Boulevard & Raymond Street in Hasbrouck Heights, New Jersey (07604). Situated on a 0.53-acre lot, the property consists of two buildings and is offered as a sale/leaseback. The sale includes a ten-year leaseback for a drive-up ATM, ensuring consistent income. A one-year temporary leaseback of the entire property is also included, allowing Bank of America time to obtain permits and install the ATM. The sale will be conducted through a modified bid process with a deadline of February 26, 2025. The tenant, Bank of America, provides a corporate guarantee. An open house is scheduled for February 12, 2025, from 11:30 AM to 1:30 PM. Detailed terms and conditions are available in the provided PSA exhibits, including the ATM lease and temporary sale/leaseback agreements. This is a unique opportunity to acquire a strategically located property with a strong corporate tenant and a built-in income stream. The property's location in Bergen County offers excellent access to major transportation routes and a thriving local market. This sale/leaseback structure offers both immediate and long-term financial benefits.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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