357 Route 17, Paramus, NJ, USA

Paramus, New Jersey

CORPORATE GUARANTEED - ABSOLUTE NNN LEASE
BANK OF AMERICA DRIVE-THRU ATM

Google Map

Total Square Feet

21,800 SF (approx.)

Asking Price

$950,000

Currently

Bank of America Drive-Thru ATM

Block / Lot

3102 / 1

Zoning

HCC-2 (Highway Commercial Corridor)

NET LEASED - BANK OF AMERICA INVESTMENT OPPORTUNITY
Bank of America fully occupies this location, operating as a drive-thru ATM since 2019. They hold two five-year lease options with 10% rent increases.
INVESTMENT-GRADE CREDIT TENANT
Backed by Bank of America (NYSE: BAC), one of the largest and most creditworthy financial institutions in the country, valued at A- (S&P Global Rating), AA- (Fitch) and A1 (Moody’s).
PREMIER ROUTE 17 LOCATION IN THE PARAMUS RETAIL TRADE AREA
Situated along a key retail corridor in Bergen County, the property benefits from high visibility with ~147,000 vehicles in AADT. Paramus is a dense, affluent market, and is among the top retail markets in NJ by sales volume, featuring major national retailers like Starbucks, HomeGoods, and the Container Store.
FAVORABLE SURROUNDING PLACER.AI DATA
Surrounded by top rated retailers, reflecting strong consumer draw across the trade area. Prominent nearby retailers include IKEA, located within a 3 min drive; it is the top-visited IKEA location in New Jersey, generating approximately 1.1M visits per year. The neighboring Container Store location ranks #1 in New Jersey and in the top 9% of locations nationwide by visits.