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2 Bethel Rd 1,482 SF Retail Building Somers Point, NJ 08244 $499,000 ($336.71/SF) 6.73% Cap Rate
Investment Highlights
- Double Net Leased Restaurant with Minimal Responsibilities
- Located Across from Ocean Heights Plaza a 80,000 Square Foot Shopping Center Anchored by ShopRite which Attracts over 3 Millions Visitors Annually
- Positioned within 12-Miles from Atlantic City Home to 9 Casinos Making it the Casino Capital of the East Coast
- Located at the Heavily Trafficked Signalized Intersection of Bethel Road and Ocean Heights Avenue with More Than 37,500 Vehicles Passing Daily
- Surrounded by a Host of the Nation’s Most Successful Retailers Including CVS, Starbucks, Applebee’s, Wendy’s, Five Below, Staples, T-Mobil
- Just 3 Miles from the New Jersey Shore Town of Ocean City Providing Steady Traffic Past the Site
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,482 SF
Building Class
C
Year Built
2006
Price
$499,000
Price Per SF
$336.71
Cap Rate
6.73%
NOI
$33,583
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.21 AC
Zoning
GB - GB zoning in Somers Point, New Jersey is a zoning district for general business
Parking
10 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Security System
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-00250-0000-00001-04 | Improvements Assessment | $374,400 |
| Land Assessment | $725,600 | Total Assessment | $1,100,000 |
Property Taxes
Parcel Number
21-00250-0000-00001-04
Land Assessment
$725,600
Improvements Assessment
$374,400
Total Assessment
$1,100,000
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