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1 Retail Strip Centers (Tile Place)
720 Highway 70, Brick, NJ 08724
Last Verified 6/16/2010
Listing ID 13978372
Description
720 Hwy 70 Brick, NJ
16,000 square foot retail center divided into 2 stores. We are currently in negotiation with a national chain to lease all or a majority of the building. Located on one of the busiest and most successful traffic controlled intersections in New Jersey adjacent and across from Shoprite, Kohls, Old Navy, Bed Bath & Beyond, Best Buy, A&P, Barnes N Noble, Sports Authority, Loews, etc. Party City has a lease in place that is due to expire in February of 2008. We plan to release the space to a new Tenant at a much higher rental price. Market rates for retail at this junction are in the vicinity of $25-30 psf triple net. The Net Income on the property should reach approximately $300,000 annually once stabilized.
see Property Description
Map of 720 Highway 70, Brick, NJ 08724 (Ocean County)
Created 8/1/2004
Additional Information for 720 Route 70, Brick, NJ 08723
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P