33-11 Broadway, Fair Lawn, NJ 07410

This commercial property located at 33-11 Broadway, Fair Lawn, NJ 07410, presents a notable investment opportunity. The building encompasses approximately 6,301 square feet of space, situated on a site with a total land area that is not specified. Constructed in 2003, this property is categorized as an investment property with a subtype of bank. The building is classified as class C and stands at 3 stories in height. Zoning information is not available for this location.

The property is structured as an absolute NNN condo lease, designed to provide a passive income stream for the investor. The current list price yields an attractive cap rate of 6.50%, with a Net Operating Income (NOI) of $133,535. An additional management fee of $3,545 paid to the landlord further enhances the investor yield by approximately 20 basis points. Approximately 6.00 years remain on the current lease term, with provisions for 2.5% annual rental increases scheduled through June 30, 2032.

The lease is corporately guaranteed by Kearny Bank, an institution founded in 1884 and publicly traded on NASDAQ under the ticker symbol KRNY. This corporate backing provides a significant layer of security for the investment. The site itself is approximately 0.64 acres and includes 22 parking spaces, equating to 3.49 spaces per 1,000 square feet of leased area. The property also features a double covered drive-through, a functional element often associated with bank branches.

The current cap rate for this investment is listed at 6.75%. The tenancy is single, indicating a sole occupant for the building. While specific details regarding heating and cooling systems, or any recent updates, are not provided in the available data, the property's structure and lease terms suggest a well-maintained and stable commercial asset. This offering represents a unique chance to acquire a property with a long-term, corporately guaranteed lease in Fair Lawn, New Jersey.