501 Wood AveLinden, NJ 07036
High-yield NNN bank, strong tenant, drive-thru.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 94
Highlights
- $3,519,000 asking price for this A-Class, 5,569 SF retail property.
- Net-leased to Northfield Bank with a drive-thru, offering a 7.00% cap rate and $246,395 annual NOI.
- Located in Linden, NJ, at 501 N Wood Ave, this single-tenant property boasts a 4.3-year lease remaining (expiring 02/28/2029).
- The property features 11 parking spaces on a 0.33-acre lot and enjoys 100% occupancy.
- This fee-simple offering is suitable for a 1031 exchange and includes a broker co-op.
Property Details for 501 Wood Ave
- Property type
- Other retail properties, Individual retail properties
- Square Feet
- 5,569 SF
- Class
- A
- Lot Size (sq. ft)
- 14,375 SF
- Units
- 1
Location Insight
- City
- Linden
- County
- Union
- State
- New Jersey
- Latitude
- 40.633069261626
- Longitude
- -74.257442825249
Nearby Similar for Sale
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