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2155 Atco Ave
Atco, NJ 08004

$700,000 USD

Bank For Sale  •  4,550 SF

Property Details

• Property Type Bank
• Total Building Size 4,550 SF
• Lot Size 0.29 AC
• Building Class B
• Year Built 1920
• Tenancy Single
• Zoning Commercial/Financial

0 Transit Score

57 Walk Score

Highlights

Absolute NNN Lease: The subject property benefits from an absolute NNN lease with zero landlord responsibilities and 2% annual increases.

Below Replacement Cost: The property offers an attractive entry basis of $154/per foot at list price

Strong Demographics: Under 25-miles from downtown Philadelphia and part of the Philadelphia MSA

Owner User / Value-Add Opportunity: Current tenant has lease in-place until 12/31/2028 allowing a future investor ample time to find a new tenant

High Cap Rate Opportunity: A future investor will benefit from the remaining lease term and Net Income, acquiring the subject property above a 30% Cap

Highly Visible: The subject property is located along Atco Ave., the major thoroughfare serving the town of Atco

Amenities

• Banking

Public Transportation

Commuter Rail	Drive	Walk	Distance
Atco (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit))	3 min	-	1.9 mi
Lindenwold (NJT) (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit))	11 min	-	8.0 mi
Airport	Drive	Walk	Distance
Philadelphia International	41 min	-	26.7 mi
Atlantic City International	60 min	-	31.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	15
Type:	Surface
Included in Rent:	Yes