For Sale
$349,900

3001 Bayshore Rd Cape May, NJ 08204

Prime Cape May location, high-yield retail.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 1,200 square foot free-standing retail building situated on a 135 x 107 foot lot at 3001 Bayshore Road in Cape May, New Jersey (zip code 08204). Currently operating as a grocery store, quick-service restaurant, and storefront, the property boasts 100% occupancy with a strong, seven-year remaining lease under a Triple Net (NNN) lease structure. The asking price is $349,900, translating to $291.58 per square foot, and offering a compelling 10% capitalization rate. The property features nine off-street parking spaces and benefits from its location on a high-traffic road, just a short distance from Cape May's popular beaches. The General Business (GB) zoning allows for versatile usage. The sale includes the real estate only

Highlights

  • 1,200 SF free-standing retail building on a 135' x 107' lot at 3001 Bayshore Road, Cape May, NJ 08204.
  • Currently 100% occupied with a strong, seven-year remaining NNN lease.
  • Asking price: $349,900 ($291.58/SF), offering a 10% cap rate.
  • Nine off-street parking spaces and high-traffic location near Cape May beaches.
  • General Business (GB) zoning allows for versatile use.
  • Real estate only included in sale.

Property Details for 3001 Bayshore Rd

Property type
Retail properties, Retail space
Square Feet
1,200 SF
Buildings
1
Stories
1
Units
1

Location Insight

City
Cape May
County
Cape May
State
New Jersey
Latitude
39.0009735
Longitude
-74.9344067

FAQs

What type of property is this?
Retail property - Prime Cape May location, high-yield retail.
Where is the retail property located?
The property is located at 3001 Bayshore Rd Cape May, NJ.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,200 SF free-standing retail building on a 135' x 107' lot at 3001 Bayshore Road, Cape May, NJ 08204.; Currently 100% occupied with a strong, seven-year remaining NNN lease.; Asking price: $349,900 ($291.58/SF), offering a 10% cap rate.
How can I contact the broker?
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3001 Bayshore Rd
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