Property Details
Price :
Square Feet :
Cap Rate :
$8,076,000
20,460
7.25%
NOI :
Acres :
$585,493
3.01
Property Type :
Property Status :
Mixed-Use
Available
Investment Highlights
- Opportunity to Acquire a 98% Occupied +/-20,460 SF Mixed-Use Building Located on Route 70, Toms River, Ocean County, New Jersey
- Two-Story Office Building Location: Well-occupied with a diverse tenant mix, generating strong cash flow in one of the fastest-growing areas of the Lakewood, NJ market.
- Versatile Use Options: Own a full office building in a prime location.
- Strategically Located in the Toms River Gateway to Manchester: Enjoy easy accessibility to Lakewood, Toms River, Manchester, and major highways. Right off Route 70, at the cross streets of Whitesville Road and Cox Cro.
- High Traffic Visibility: Positioned on the highly traveled Route 70, seeing over 23,000 vehicles per day.
- Dual Access Points: Convenient ingress and egress from Route 70 and Crescent Court.
- Proximity to Major Roads: Easy access to Route 9, Route 37, and the Garden State Parkway, enhancing connectivity.
- Nearby National Tenants: A prime location surrounded by established businesses such as Aldi, Starbucks, Stop & Shop, Wawa, Tractor Supply Co, Exxon, McDonald's, Wendy's, Extra Space Storage, Ocean First Bank, and more.
- Strong Demographics: A population of over 183K within a 5-mile radius and an average household income above $106K within a 1-mile radius, providing a robust market for businesses.
- Adjacent Opportunity: Fully approved development with permits for a +/- 23,000 SF two-story office building. This site offers a prime development opportunity in one of the fastest growing areas of the Lakewood, NJ market, presenting further investment potential and synergies with the adjacent cash-flowing property. Available separately.
Listing Contacts
