Multi-tenant: TD Bank & Vacancy
$1,500,000
34 East Somerset Street, Raritan, NJ 08869
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.
Documents:
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OM-Raritan-34ESomersetSt-TDBank.pdf
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Location

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