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205 East Kennedy Boulevard
Lakewood, NJ 08701
Asking Price
Contact for price
Asset Type
Bank Retail
Class
Class B
What's Special
3,912 SqFt <ul><li>Absolute NNN lease with ±13.0 years of primary lease term remaining </li><li>Rare 2.25% annual rent escalations </li><li>Fulton Bank carries investment grade credit ratings of 'A' from Morningstar DBRS and 'Baa1' from Moody's</li><li>Lakewood is the #1 fastest growing municipality in New Jersey</li><li>Frontage along E Kennedy Blvd, with accessibility to 72,000+ VPD</li><li>Strong demand characteristics driven by 3-mile AHHI of $118K with 47% population growth since 2010</li><li>A
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
