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Multi-tenant: TD Bank & Vacancy

$1,500,000

34 East Somerset Street, Raritan, NJ 08869

Active
Last Updated: 01/10/2025
 
 
Highlights:
  • 2024 Deposits: $339,493,000 (Top 10% performer system-wide)
  • 2% Annual Rental Increases
  • 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 remaining
  • TD Bank (NYSE: TD) has a top tier credit rating: Rated "AA-" by S&P & Rated "A1" by Moody's
  • Strong Average Household Incomes
Description:

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.

TD Bank is one of the leading financial institutions in North America. With over 1,300 banking
locations, TD Bank strives to be a trusted and reliable choice for individuals, businesses, and
investors seeking financial stability and progressive banking solutions.

Map:
Documents:
Title
OM-Raritan-34ESomersetSt-TDBank.pdf
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