2055 Rt-88
Brick, NJ 08724
Retail Property For Sale

Marcus & Millichap had been exclusively retained by ownership for the disposition of their fee simple interest in 2055 State Route 88 (Arrowheart Shopping Center) located in Brick, Ocean County, New Jersey. The asset’s 12,000 square foot building sits on roughly 0.96 acres and is anchored by long term, internet proof, daily needs and service tenants serving the densely packed residential community immediately surrounding the property. Ownership’s meticulous care of the property over their 24 year hold period has resulted in long term tenant retention which intern is driving repeat customer business. In addition, new ownership can realize additional financial gains by leasing the one vacant retail space, converting the modified gross lease structure into triple net leases and proactively driving customer traffic through a coordinated marketing campaign. The asset is strategically located along the highly trafficked State Route 88 27,219 vehicles per day which is a main corridor connecting the Garden State Parkway (Exit 89) traffic to the Atlantic Ocean towns of Brick and Point Pleasant. The property sits on a hard corner with Midstreams Place as the cross street providing convenient site access to surrounding residential communities. The easy access to the trade area from major corridors had provided a dense community of 157,512 people with an average household income of $103,768 within a five mile radius.