Long Term Lease: New 15-year ground lease with three 5-year renewal options, featuring 10% rent escalations every five years. Rent commencement is expected on January 5, 2026, following construction completion.
Proven Banking Location: The new branch will replace Bank of America’s highly successful existing location, situated less than 2 miles away. The current branch, located at 3131 NJ-38 in Mount Laurel Township, reported deposits totaling $498.6 million as of June 30, 2025, demonstrating exceptional customer demand and the market’s long-term banking fundamentals.
Investment-Grade Credit: Backed by Bank of America, N.A. (S&P: A+, Moody’s: Aa2).
Zero Landlord Responsibilities: Absolute NNN structure where the tenant is fully responsible for all operating expenses, maintenance, repairs, and replacements.
Prime Retail Location: Features excellent visibility, dual access, two drive-thru lanes, and exposure to 19,000 vehicles per day. The site is situated under a mile from I-295 and the NJ Turnpike, directly opposite the Centerton Square regional hub (anchored by Costco, Target, Wegmans, and Walmart).
Exceptional Demographics & Economic Drivers: The high-barrier-to-entry market features an average household income of $178,154 within a 3-mile radius (53,900+ residents) and $125,308 within a 5-mile radius (165,900+ residents). The daytime customer base is further bolstered by the adjacent Lockheed Martin facility, which employs over 5,000 people.
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