Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Fulton Bank, (the “Property”) in Pitman, a borough in Gloucester County, New Jersey. Fulton Bank recently commenced on a corporate seven-year triple-net (NNN) lease, featuring two and one-half percent (2.50%) annual rental increases, including in the option periods. The NNN lease structure allows for passive ownership from anywhere. The property features four drive-thru lanes for customer convenience while providing ingress from Arbutus Ave and egress from N. Broadway. Fulton Bank will be relocating from their property on Ballard Avenue to N. Broadway, having already established a customer base and identity within the community for over 10 years. Fulton Bank is located in Pitman, just 15 miles southeast of Philadelphia in Gloucester County, New Jersey.

Gloucester County is part of the Philadelphia MSA which is the 7th largest metro area in the country and home to over 6.24 million people. Fulton Bank is a part of Fulton Financial Corporation (NASDAQ: FULT), a $25+ billion financial services holding company with an investment grade credit rating of Baa1 (Moody’s). The company’s services are available at more than 200 locations in the northeast and mid-Atlantic states of Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. The 5-mile area surrounding the Property exhibits excellent demographics with a population of over 110,000 and over 39,000 households while also boasting an average household income of over $138,000. The population and number of households within the same area are projected to continue to rise through 2028. Fulton Bank is located just over 1 mile from Rowan University in Glassboro and just 3 miles from Rowan College of South Jersey in Sewell. The two nearby higher education institutions are home to a total of nearly 25,000 students.