34 E Somerset St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
34 E Somerset St
4,800 SF Retail Building Raritan, NJ 08869 $1,500,000 ($313/SF)
INVESTMENT HIGHLIGHTS
- 2024 Deposits: $339,493,000 (Top 10% performer system-wide)
- Commitment to Location: TD Bank has just exercised its next option to renew and has operated at this location since 2009 with one (1) 5-year option re
- 2% Annual Rental Increases
- TD Bank ( NYSE: TD) has a top tier credit rating: Rated “AA-” by S&P & Rated “A1” by Moody’s
EXECUTIVE SUMMARY
Equity Retail Brokers is pleased to exclusively offer for sale or lease, a value add property currently occupied by TD Bank, who has recently extended the lease. TD Bank has operated at this location for nearly 15 years and has recorded $300 M+ in deposits in each of the last 4 years. The building comes with an additional ±2,738 SF of vacant space formerly occupied by a medical office on the first floor and ±4,000 SF of vacant space on the lower level. The property is equipped with two drive-thru lanes and ample off-street parking.
The Subject Property is on Somerset Street (Route 626), just off Route 206 and the Somerville Circle, a major retail corridor and commuter thruway. The property benefits from its location in the market and visibility, making it a strong retail or office location.
The Subject Property is on Somerset Street (Route 626), just off Route 206 and the Somerville Circle, a major retail corridor and commuter thruway. The property benefits from its location in the market and visibility, making it a strong retail or office location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
4,800 SF
Building Class
C
Year Built
1960
Price
$1,500,000
Price Per SF
$313
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.51 AC
Zoning
N/Av
Parking
45 Spaces (9.38 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-00109-0000-00001-01 | Improvements Assessment | $1,318,500 |
| Land Assessment | $181,500 | Total Assessment | $1,500,000 |
PROPERTY TAXES
Parcel Number
16-00109-0000-00001-01
Land Assessment
$181,500
Improvements Assessment
$1,318,500
Total Assessment
$1,500,000
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
34 E Somerset St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.