465 NJ-37 Rt - Fast Food FOR SALE
Toms River, NJ 08753 |
465 NJ-37 Rt
Toms River, NJ 08753
HIGHLIGHTS
- 2023 new construction prototype featuring Chipotle's “Chipotlane”, which functions as a drive thru and a pickup window for online orders.
- Corporately guaranteed, long-term NNN lease with 14+ years remaining and 3x5yr options to renew
- 10% rental increases every 5 years in the base term of the lease and in each option period
- Excellent signage, visibility at the signalized corner of NJ-37 and Washington Street (combined 43,500+ VPD) and features ingress/egress on both roads
- More than 133,000 residents and Average Household Incomes ranging from $116,973-$123,579 in the 5-mile radius
- Surrounded by National Retailers - Stop & Shop, Big Lots, Walgreens, Wendy's, McDonalds, Taco Bell, Retro Fitness, Wawa, Advance Auto Parts and more
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Chipotle
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
2325
STORIES
1
YEAR BUILT
2023
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
08-00723-0000-00002
