Wells Fargo

3600 Route 42, Washington Township, NJ 08012
Offering Memorandum

Wells Fargo – Ground Lease

Free Standing Retail w/ Drive Thru

Property Details

  • Corporate Guarantee from Wells Fargo (S&P Rated: AA-)
  • The Lease is Subject to 13.5% Rental Increases Every 5 Years

  • This Ground Lease has No Landlord Responsibilities

  • Located at the Signalized Intersection of  Black Horse Pike (Rt 42) and Stagecoach Road, this Branch is Exposed to Over 26,782 VPD

  • Nearby Retailers Include Walmart, McDonald’s, Ross, Marshalls, Party City, Target, and Turnersville Auto Mall (Audi, Ford, Acura, BMW, Cadillac, Chevrolet, Honda, Nissan, Toyota, and Hyundai)

  • Wells Fargo is the 12th Largest Bank in the World and 2nd Largest Bank in the United States

Investment Highlights

  • Price: $7,600,520

  • Cap Rate: 5.00%

  • NOI: $380,026

  • Lease Type: Ground

  • Term Remaining: 9.5 Years

Contact

Ken Yanni

484.417.2223
kyanni@equityretailbrokers.com

Ed Ginn

484.417.2201
eginn@equityretailbrokers.com

Alan Goldstein

201.703.9700 x113
agoldstein@thegoldsteingroup.com

Alex Goldstein

201.703.9700 x144
abgoldstein@thegoldsteingroup.com

Property Location

Wells Fargo - Ground Lease

3600 Route 42
Washington Township, NJ 08012