2 Nj-37Toms River, NJ 08753

Property Details for 2 Nj-37

Lot size

3.00 AC

Property size (Sq ft)

6,000 SF

Property type

Other commercial real estate

Property subtype

Investment properties

Description

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.

Location Insight

City

Toms River

County

Ocean

State

New Jersey

Latitude

39.9639

Longitude

-74.1995

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