167 New Jersey Ave - Office FOR SALE
Absecon, NJ 08201 |
$1,180,150 USD
305-905-3215
167 New Jersey Ave
Absecon, NJ 08201
HIGHLIGHTS
- High-Yielding Investment – Offered at an attractive 10.00% Year 1 in-place cap rate, the property provides investors with strong current cash flow
- Built-In Rental Growth – The lease features 3.00% annual rent escalations, providing predictable income growth, increasing NOI over the lease term
- Limited Landlord Responsibilities – Structured as a NN lease, the tenant is responsible for real estate taxes, insurance, utilities, maintenance
- Established Multi-State Cannabis Operator – The property is leased to Off The Charts, an experienced cannabis retailer with 38+ locations
- Excellent Visibility & Accessibility – The property features dual frontage along New Jersey Avenue and W. Absecon Boulevard (U.S. Route 30)
- Strong New Jersey Cannabis Fundamentals – New Jersey remains one of the strongest cannabis markets on the East Coast
FOR SALE DETAILS
PRICE
$1,180,150 USD
PRICE/SF
$393 USD /SF
CAP RATE
10%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Off The Charts
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1928
SPRINKLERS
-
PARKING SPACES
11
LAND DETAILS
LAND ACRES
0.36 AC
LAND SF
15,682 SF
ZONING
C1
APN/PARCEL ID
01-00213-0000-00004
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305-905-3215
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305-905-3215
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