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Off The Charts 167 New Jersey Ave 3,000 SF 100% Leased Retail Building Absecon, NJ 08201 $1,180,150 ($393.38/SF) 10% Cap Rate

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Investment Highlights

High-Yielding Investment – Offered at an attractive 10.00% Year 1 in-place cap rate, the property provides investors with strong current cash flow
Limited Landlord Responsibilities – Structured as a NN lease, the tenant is responsible for real estate taxes, insurance, utilities, maintenance
Excellent Visibility & Accessibility – The property features dual frontage along New Jersey Avenue and W. Absecon Boulevard (U.S. Route 30)

Built-In Rental Growth – The lease features 3.00% annual rent escalations, providing predictable income growth, increasing NOI over the lease term
Established Multi-State Cannabis Operator – The property is leased to Off The Charts, an experienced cannabis retailer with 38+ locations
Strong New Jersey Cannabis Fundamentals – New Jersey remains one of the strongest cannabis markets on the East Coast

Executive Summary

Broker of Record
Patrick Forde
License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
00 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

3,000 SF

Building Class

Year Built/Renovated

1928/2023

Price

$1,180,150

Price Per SF

$393.38

Cap Rate

10%

NOI

$118,015

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.19

Lot Size

0.36 AC

Zoning

Parking

11 Spaces (3.67 Spaces per 1,000 SF Leased)

Air Conditioning

Property Taxes

Parcel Number	01-00213-0000-00004	Improvements Assessment	$62,000
Land Assessment	$103,000	Total Assessment	$165,000

Property Taxes

Parcel Number

01-00213-0000-00004

Land Assessment

$103,000

Improvements Assessment

$62,000

Total Assessment

$165,000

(305) 905-3215

Contact

Alexander Machado
Matthews Real Estate Investment Services

Listing ID: 40977558
Date on Market: 6/18/2026
Last Updated:
Address: 167 New Jersey Ave, Absecon, NJ 08201

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Off The Charts | 167 New Jersey Ave

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