For Sale
$1,700,000

2 Nj-37 Toms River, NJ 08753

High-NOI, Assumable Note, Turnkey

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional turnkey dinner restaurant presents a lucrative investment opportunity in Toms River, NJ. Boasting a substantial 6,000 square foot space on a 3-acre lot with ample 150-space parking, this established business enjoys a prime location near major roadways, shopping centers, and hospitals. The property features a single-story building, renovated in 2015, operating under a triple-net (NNN) lease with 33.1 years remaining (lease expiring 12/31/2057, commencing 12/31/2014). The current occupancy is 100%, generating a strong net operating income (NOI) of $450,000, representing a compelling 26.47% capitalization rate. The asking price is $1,700,000, translating to $283.33 per square foot. The business operates daily from 7:00 AM to 11:00 PM. This is a corporate-owned asset with an assumable note, offering significant potential for a savvy investor. The property is zoned HB and includes a single unit. All financial information is based on the provided data.

Highlights

  • Turnkey dinner restaurant in Toms River, NJ.
  • 6,000 sq ft building on a 3-acre lot with 150 parking spaces.
  • Prime location near major roadways, shopping, and hospitals.
  • NNN lease with 33.1 years remaining (expiring 12/31/2057).
  • 100% occupancy, $450,000 NOI, 26.47% cap rate.
  • $1,700,000 asking price ($283.33/sq ft).

Property Details for 2 Nj-37

Property type
Commercial real estate
Square Feet
6,000 SF
Class
C
Year Renovated
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
130,680 SF
Units
1

Location Insight

City
Toms River
County
Ocean
State
New Jersey
Latitude
39.963886487591
Longitude
-74.199537946197

FAQs

What type of property is this?
Commercial real estate - High-NOI, Assumable Note, Turnkey
Where is the commercial real estate located?
The property is located at 2 Nj-37 Toms River, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Turnkey dinner restaurant in Toms River, NJ.; 6,000 sq ft building on a 3-acre lot with 150 parking spaces.; Prime location near major roadways, shopping, and hospitals.
How can I contact the broker?
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2 Nj-37
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