2078 US Route 9 - Retail FOR SALE


Ocean View, NJ 08230
$4,653,089 USD
610-645-7700
2078 US Route 9, Ocean View, NJ for Sale
$4,653,089 USD
Retail - FOR SALE
1/5
null | 7% Cap Rate

2078 US Route 9
Ocean View, NJ 08230


HIGHLIGHTS

  • Investment Grade Credit
  • Strategic Location
  • Strong Rental Increases

OVERVIEW

Equity CRE is pleased to exclusively offer the opportunity to acquire a CVS Pharmacy in Ocean View, New Jersey. This offering features a recently extended 5-year absolute NNN lease with three 5-year renewal options, each with a 6% rental increase. The lease is corporately guaranteed by CVS Health Corporation, an investment-grade tenant with a BBB rating from S&P Global, ensuring stable lease payments and long-term security for property owners. Situated in Ocean View, NJ, the property benefits from a strategic location just off Exit 20 on the Garden State Parkway, which carries approximately 40,000 vehicles per day and provides connectivity throughout Cape May County and the Jersey Shore. The site benefits from consistent year-round demand from residents, while also experiencing a significant seasonal influx of visitors. Ocean View is located just inland from popular shore destinations, such as Sea Isle, Ocean City, and Avalon.

FOR SALE DETAILS

PRICE

$4,653,089 USD

PRICE/SF

$358 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

134,927 SF

ZONING

TCC

APN/PARCEL ID

11-00561-0000-00002

ASK ABOUT THIS PROPERTY

Kenneth YanniEquity CREMore Info
610-645-7700

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Kenneth YanniEquity CREMore Info
610-645-7700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.