Property Details
Price :
Square Feet :
Cap Rate :
$975,000
4,200
N/A
NOI :
Acres :
N/A
0.08
Property Type :
Property Status :
Mixed-Use
Under Agreement
Investment Highlights
TENANT(S)
- 100% Occupied +/-4,200 SF Mixed-Use Property Located on Main Street in Toms River, Ocean County, New Jersey
- Two Ground Floor Retail Units Leased to A Thyme for All Seasons and Bagel Bistro & Grille, Restaurants Catering to the Local Community
- Upstairs are Three Apartments Consisting of Two, 1-Bedroom Units and One Studio Apartment
LEASE(S)
- All Tenants are Operating on a Month-to-Month Lease
- Upside in Converting the Two Retail Units From a Gross Lease to a NNN Structure
- Rents are Below Market Providing Immediate Upside to Investors Through Lease Restructuring and Raising All Rents to Market Value
BUILDING
- The Property is Located in Downtown Toms River, the County Seat of Ocean County, New Jersey
- Walking Distance to Various Retailers, Restaurants, Offices, and Public Transportation
LOCATION/ MARKET
- Strong Demographics – Over 141K People and an Average Household Income Above $117K in a 5-Mile radius
Street View
Listing Contacts
