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Wells Fargo | Washington Township, NJ

Wells Fargo | Washington Township, NJ

3600 Route 42, Washington Township, NJ 08012

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PROPERTY DETAILS

Price:

$4,173,913

Cap Rate:

5.75%

Total Size

±5,400 SF

Property Overview

Equity Retail Brokers & The Goldstein Group are thrilled to present a unique investment opportunity for qualified investors – the Wells Fargo property located in Washington Township, NJ. This prime asset offers a ground lease with zero landlord responsibilities, highlighting a hassle-free investment opportunity. The building, constructed in 2008, has been occupied by Wells Fargo since its inception, emphasizing the stability and longevity of the tenant. Wells Fargo recently extended its lease to 10 years with four 5-year renewal options, each featuring a rental increase. This secure investment is underscored by the remarkable growth of the branch, evident in the 2023 financials, where deposits exceeded $162,030,000, reflecting an impressive 114% increase over the past decade.

Investment Highlights

  • Strong Corporate Tenant: Wells Fargo
  • Wells Fargo Recently extended lease to 10 years
  • Ground Lease with zero landlord responsibilities
  • Long operating history – the tenant has operated at this location since 2008

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