Seacourt Pavilion, Bid Deadline Nov 21st | 635 Bay Ave
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Seacourt Pavilion, Bid Deadline Nov 21st 635 Bay Ave
248,677 SF 78% Leased Retail Building Toms River, NJ 08753 For Sale
Investment Highlights
- Rare Opportunity in Today's Market - 252,677 SF shopping center on ~26 acre in busy Toms River location.
- Credit Anchor Tenancy - Marshalls, HomeGoods, Crunch Fitness, Ashley Furniture and DaVita Dialysis.
- Most Visited Shopping Center in Ocean County, New Jersey - Seacourt Pavilion welcomes 1.3 million visitors annually (per Placer.ai)
- Tremendous Value-Add Opportunity Offered below replacement cost with 80% occupancy.
- Heavily Trafficked Thoroughfare with +43,000 vehicles in AADT on Ocean County 571 and Hooper Avenue combined.
Executive Summary
Bid Deadline: November 21st, Submit All Offers.
RIPCO REAL ESTATE has been exclusively retained on the disposition of 635 BAY AVENUE IN TOMS RIVER, NEW JERSEY - Seacourt Pavilion (the “Property”).
Seacourt Pavilion is a ~248,677 square foot open-air shopping center on a ~25.67 acre lot. The shopping center consists several national credit tenants including Marshalls, HomeGoods, Crunch Fitness, Ashley Furniture, and DaVita Dialysis alongside a mix of local neighborhood tenants. Several long-standing tenants provide stable income while the 20% vacancy provides a tremendous value-add opportunity.
The Property consists of one main building, two out-parcels, and a ~0.7 acre undeveloped pad site. It is located off Ocean County 571 and Hooper Avenue, a heavily trafficked thoroughfare with +43,000 vehicles per day [AADT] combined. Directly adjacent to the Property is a newly-built 128 unit luxury residences and opening soon is a 68,000 square-foot veterans clinic which will increase patrons to the Property - the most visited shopping center in Ocean County, New Jersey with 1.3 million visitors annually, per Placer.ai.
Seacourt Pavilion provides a rare opportunity to acquire a trophy shopping center at below replacement cost. Please reach out to the exclusive brokers for additional information or to arrange for a property tour.
RIPCO REAL ESTATE has been exclusively retained on the disposition of 635 BAY AVENUE IN TOMS RIVER, NEW JERSEY - Seacourt Pavilion (the “Property”).
Seacourt Pavilion is a ~248,677 square foot open-air shopping center on a ~25.67 acre lot. The shopping center consists several national credit tenants including Marshalls, HomeGoods, Crunch Fitness, Ashley Furniture, and DaVita Dialysis alongside a mix of local neighborhood tenants. Several long-standing tenants provide stable income while the 20% vacancy provides a tremendous value-add opportunity.
The Property consists of one main building, two out-parcels, and a ~0.7 acre undeveloped pad site. It is located off Ocean County 571 and Hooper Avenue, a heavily trafficked thoroughfare with +43,000 vehicles per day [AADT] combined. Directly adjacent to the Property is a newly-built 128 unit luxury residences and opening soon is a 68,000 square-foot veterans clinic which will increase patrons to the Property - the most visited shopping center in Ocean County, New Jersey with 1.3 million visitors annually, per Placer.ai.
Seacourt Pavilion provides a rare opportunity to acquire a trophy shopping center at below replacement cost. Please reach out to the exclusive brokers for additional information or to arrange for a property tour.
Property Facts
Sale Type
Investment
Sale Condition
REO Sale
Property Type
Retail
Property Subtype
Retail
Building Size
248,677 SF
Building Class
C
Year Built
1989
Percent Leased
78%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
25.67 AC
Zoning
RC - Regional Commercial Zone
Parking
1,093 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former AMC Theatre. Opens on grade.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,500 SF | Retail | In-Line | Now |
| 135 | 1,712 SF | Retail | In-Line | Now |
| 145 | 1,566 SF | Retail | In-Line | Now |
| 165 | 8,210 SF | Retail | End Cap | Now |
| 200 | 41,772 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 2,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
135
| Size |
| 1,712 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
145
| Size |
| 1,566 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
165
| Size |
| 8,210 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
200
| Size |
| 41,772 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 2,500 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
135
| Size | 1,712 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
145
| Size | 1,566 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
165
| Size | 8,210 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
200
| Size | 41,772 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Former AMC Theatre. Opens on grade.
Nearby Major Retailers
Contacts
-
Stephen Preuss -
Kevin Louie -
Steven Winters -
Michael Horne -
Eric Delafraz -
Ripco Real Estate
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Seacourt Pavilion, Bid Deadline Nov 21st | 635 Bay Ave
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