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PNC Bank - North Brunswick, NJ 630 Georges Rd 3,710 SF Retail Building North Brunswick, NJ 08902 $3,560,421 CAD ($959.68 CAD/SF) 6% Cap Rate
Executive Summary
Landlord-friendly lease with Tenant responsible for property taxes, utilities, HVAC, and all non-structural maintenance and repairs.
2.5% ANNUAL RENT INCREASES
Scheduled 2.5% annual rent increases provide a hedge against inflation while supporting steady income growth over the lease term.
CORPORATE LEASE WITH INVESTMENT-GRADE TENANT
Corporate-backed lease with PNC Bank, an Investment-Grade rated company with a Standard & Poor’s Credit Rating of “A-”
ESTABLISHED LOCATION
This site has operated as a PNC Bank for more than 35 years, demonstrating its long-standing and successful track record at this location.
STRONG BRANCH DEPOSITS AND LONG-TERM TENANT COMMITMENT
Sustained strong branch deposits and multiple lease renewals highlight the property’s importance within PNC’s network and support long-term stability.
AFFLUENT AND DENSE TRADE AREA
The property is located in a dense, high-income trade area with over 173,000 residents within a five-mile radius and average household incomes exceeding $115,000. Projected annual population growth of more than 2.5% further supports increasing purchasing power and long-term demand.
STRATEGIC LOCATION
Property is surrounded by residential communities, located just 1 mile from Rutgers University (±68,942 students) and is close to US Hwy 1 (±111,760 ADT) and Interstate-95 (±176,455 ADT) as well as dominant retail corridor with Walmart Supercenter, Marshalls & HomeGoods, PetSmart, Trader Joe’s, Wells Fargo, AutoZone, McDonald’s, LA Fitness, Dunkin’ and many more.
PROXIMITY TO MAJOR EMPLOYMENT CENTERS SUPPORTS DEMAND
The area benefits from its strategic location near major employment hubs in New Brunswick and Princeton, which continue to drive population growth, workforce activity, and regional economic expansion.
MAJOR RESIDENTIAL DEVELOPMENT APPROVED NEAR PROPERTY
North Brunswick Township has approved a 280-unit luxury apartment development located on Livingston Avenue, within approximately two miles of the Georges Road commercial district. The $85 million project is expected to break ground in Q2 2024 with completion anticipated in late 2025.
ROUTE 1 CORRIDOR GROWTH AND NEW MIXED-USE DEVELOPMENT
A $45 million mixed-use development has been announced along the Route 1 commercial corridor in North Brunswick, approximately 1.2 miles from the Georges Road intersection. The planned 180,000 square foot project will combine retail, office, and residential components, further strengthening the surrounding commercial ecosystem.
Broker of Record:
Derek Eisenberg
Continental Real Estate Group, Inc.
201.204.4048
deisenberg@continentalrealestate.com
NJ LIC #9591344
Property Facts
Amenities
- Banking
- Pylon Sign
- Signage
- Drive Thru
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00203-0000-00011 | Improvements Assessment | $965,482 CAD |
| Land Assessment | $137,926 CAD | Total Assessment | $1,103,408 CAD |
Property Taxes
Presented by
PNC Bank - North Brunswick, NJ | 630 Georges Rd
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