June 18, 2025 – Todd Tremblay and Bob Horvath of Horvath & Tremblay have successfully completed the sale of a new construction Bank of America in Flemington, New Jersey. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $8,285,000.
The new construction Bank of America is located at 78 Church Street in Flemington, New Jersey. Bank of America has 14 years remaining on their Absolute NNN lease with three (3), five-year renewal options. The Lease call for attractive 12% rent increases every five years throughout the base term and 10% rent increases at the start of each renewal option period. Bank of America has relocated a very successful and well-established location to this new construction Property, bringing with it exceptional deposits in excess of 480 million. The new construction Bank of America is well-positioned at the signalized intersection of Church Street and NJ Route 31, two of the area’s primary commercial and commuter corridors. The Property shares the intersection with the Flemington Mall and is convenient to national and local retailers and restaurants that drive traffic to the area. The Property is surrounded by densely developed residential neighborhoods that provide a built-in customer base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.