3 Tenant NNN Strip

Tenant

AAMCO, CKO Kickboxing, & Hot Tub Central

Location

Toms River , NJ

Price

1,992,000

CAP Rate

7.50%

NOI

$149,439

Lease Term

Various

Occupancy

100%

Building Size

9,010 Sq. Ft.

Property Type

Multi-Tenant

Year Built

1993/2019

Lot Size

1.79 acres

Status

Available

Property Contacts:

Karly Iacono

Vice President

(201) 742-6119 | Email

JC Corr

Associate

(201) 742-6181 | Email

  • 100% Occupied Fully Stabilized Center
  • NNN Leases
  • High Traffic Location – 39,666 VPD
  • Excellent Demographics – 142k+ People in 5 Miles
  • Average Income Exceeds $110k
  • Parking Lot & Interior Spaces Recently Renovated
  • Two Tenants Recently Extended their Leases Showing a Strong Commitment to the Location

Marcus and Millichap is pleased to exclusively present a 9,010 square foot retail strip center in Toms River, NJ. The property is 100% leased to AAMCO, CKO Kickboxing, and Hot Tub Central. All three tenants are under NNN leases. The parking lot was expanded to 45 parking spaces and the interior spaces were renovated in 2019. The subject property is being offered at a 7.50% cap rate.

Two of the three tenants, AAMCO and Hot Tub Central have recently extended their leases showing a strong commitment to the location. AAMCO is a leading transmission repair franchise with more than 650 locations across North America. They have serviced more than 35 million vehicles since their opening in 1963. CKO Kickboxing has grown to more than 65 locations across New Jersey and New York since its founding in 1997. Hot Tub Central is the premier hot tub retailer and servicer in New Jersey. They offer a wide variety of hot tubs at various price points and provide servicing for general maintenance and malfunctions.

The subject property is situated on a heavily trafficked road with 39,666 vehicles per day. There are many national retailers nearby including McDonald’s, CVS, Dunkin Donuts, Wells Fargo, 7-Eleven and more. Toms River is an affluent town with the average income exceeding $110k in a one-mile radius. The area is very densely populated with more than 142k people residing within 5 miles. In addition, Toms River is a popular summertime location that draws people in from all over the tri-state area.