75 Brighton Ave - Storefront FOR SALE


Long Branch, NJ 07740- Long Branch City
$2,850,000 USD
201-618-7223
75 Brighton Ave, Long Branch, NJ for Sale
$2,850,000 USD
Storefront - FOR SALE
1/7
null | 6.39% Cap Rate

75 Brighton Ave
Long Branch, NJ 07740
Long Branch City


HIGHLIGHTS

  • 100% occupied, four-tenant retail strip one block from the Atlantic Ocean, positioned in one of NJ’s most active & revitalizing beachfront market.
  • Stable in-place income of approximately $182,000 in annual base rent with staggered lease expirations from 2027 to 2029.
  • 2023 roof replacement significantly reduces near-term capital expenditure exposure and provides a strong structural baseline for the existing building

OVERVIEW

JLL is pleased to exclusively present the opportunity to acquire 75 Brighton Avenue, a four-tenant retail strip center located in the desirable West End section of Long Branch, New Jersey. The property consists of four street-level storefronts on a ±7,784 SF lot, one block from the Atlantic Ocean, with concrete parking at the rear. The building is a one-story masonry structure constructed in 1941 with a roof replacement completed in 2023. Long Branch is one of Monmouth County's most dynamic beachfront communities and continues to benefit from ongoing oceanfront and downtown redevelopment investment. The subject property is positioned to capture both stable near-term income from four active tenants and meaningful rent upside as leases roll within the next one to three years.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$661 USD /SF

CAP RATE

6.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

C-3

APN/PARCEL ID

27-00127-0000-00009

ASK ABOUT THIS PROPERTY

Craig ParcellsJones Lang LaSalleMore Info
201-618-7223

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Craig ParcellsJones Lang LaSalleMore Info
201-618-7223

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