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Starbucks | Freehold, NJ 146 South St 2,674 SF Retail Building Freehold, NJ 07728 $2,660,000 ($994.76/SF) 5.26% Cap Rate
INVESTMENT HIGHLIGHTS
- National, investment-grade tenant, providing stable, long-term income and strong creditworthiness
- Freehold is a high-income Monmouth County suburb, offering favorable demographics for premium coffee retailers
- Surrounded by dense residential neighborhoods, schools, and local businesses, generating steady morning and afternoon demand
EXECUTIVE SUMMARY
Silber Investment Properties is pleased to Exclusively present an opportunity to own a net leased Starbucks in the heart of Freehold, NJ.
Situated in a dense residential corridor with 12,000 residents within a 1 mile radius, this location provides no shortage of potential customers/tenants, making it perfect for a local morning coffee shop, but with a lease backed by a national corporation.
Starbucks moved in to this location in 2024 and has 9yrs remaining with 2 (5yr) options and 10% increases every 5 years. This property is ideal for investors looking for a net leased asset in northern NJ with minimal landlord responsibilities.
Please reach out for additional information!
Situated in a dense residential corridor with 12,000 residents within a 1 mile radius, this location provides no shortage of potential customers/tenants, making it perfect for a local morning coffee shop, but with a lease backed by a national corporation.
Starbucks moved in to this location in 2024 and has 9yrs remaining with 2 (5yr) options and 10% increases every 5 years. This property is ideal for investors looking for a net leased asset in northern NJ with minimal landlord responsibilities.
Please reach out for additional information!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,674 SF
Building Class
C
Year Built
1986
Price
$2,660,000
Price Per SF
$994.76
Cap Rate
5.26%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.74 AC
Opportunity Zone
Yes
Zoning
B1
Parking
22 Spaces (8.23 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-00103-0000-00015 | Improvements Assessment | $659,000 |
| Land Assessment | $490,900 | Total Assessment | $1,149,900 |
PROPERTY TAXES
Parcel Number
16-00103-0000-00015
Land Assessment
$490,900
Improvements Assessment
$659,000
Total Assessment
$1,149,900
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Starbucks | Freehold, NJ | 146 South St
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