429 Lacey Rd Lacey Township, NJ 08731

This exceptional retail investment opportunity presents a multi-tenant restaurant property located at 429 Lacey Rd, Lacey Township, NJ 08731. The property encompasses 9,460 square feet across two buildings on a 1.01-acre lot, featuring a two-story design. Currently operating at 78% occupancy with three tenants, the property offers a strong foundation for growth. The asking price is $1,325,000, representing a current cap rate of 4.73% and a pro-forma cap rate of 9.80%. The property boasts a substantial net operating income (NOI) of $62,641, projected to increase to $129,841. Built in 1988, the property is zoned OC (neighborhood retail/office/professional), providing flexibility for various uses. Ample parking is available, with 56 spaces per 1,000 square feet. The property benefits from high visibility due to its corner lot location and frontage along Lacey Rd. This value-add opportunity presents a compelling investment prospect with significant upside potential in a thriving commercial area. The property's strong location and flexible zoning make it an ideal addition to any investment portfolio. The current lease type is modified, and the property features excellent freeway visibility and signage opportunities. The price per square foot is $140.06.