465 NJ-37 Rt | Toms River, NJ 08753
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465 NJ-37 Rt
Toms River, NJ 08753
Chipotle · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2023 new construction prototype featuring Chipotle's “Chipotlane”, which functions as a drive thru and a pickup window for online orders.
- 10% rental increases every 5 years in the base term of the lease and in each option period
- More than 133,000 residents and Average Household Incomes ranging from $116,973-$123,579 in the 5-mile radius
- Corporately guaranteed, long-term NNN lease with 14+ years remaining and 3x5yr options to renew
- Excellent signage, visibility at the signalized corner of NJ-37 and Washington Street (combined 43,500+ VPD) and features ingress/egress on both roads
- Surrounded by National Retailers - Stop & Shop, Big Lots, Walgreens, Wendy's, McDonalds, Taco Bell, Retro Fitness, Wawa, Advance Auto Parts and more
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,325 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.70 AC
Zoning
Commercial - Commercial/Retail/Business zoning
PROPERTY TAXES
| Parcel Number | 08-00723-0000-00002 | Improvements Assessment | $0 |
| Land Assessment | $414,000 | Total Assessment | $414,000 |
PROPERTY TAXES
Parcel Number
08-00723-0000-00002
Land Assessment
$414,000
Improvements Assessment
$0
Total Assessment
$414,000
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