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Wendy's 232 Route 70 2,907 SF Retail Building Toms River, NJ 08755 $3,196,893 ($1,099.72/SF) 5.15% Cap Rate
Investment Highlights
- Long-Standing, High-Performing Location
- Strong Traffic Counts & Excellent Visibility
- Strong Demographic
- Large Parcel With Drive-Thru Configuration
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 232 New Jersey 70, Toms River, NJ 08755. The site consists of roughly 2,907 rentable square feet of building space on an estimated 1-acre parcel of land. This Wendy's is subject to a 25-year Triple Net (NNN) lease, which commenced 6/2 /2025. The current annual rent is $164,640 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,907 SF
Building Class
C
Year Built
1990
Price
$3,196,893
Price Per SF
$1,099.72
Cap Rate
5.15%
NOI
$164,640
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Zoning
RHB
Frontage
219’ on New Jersey 70
Property Taxes
| Parcel Number | 08-00120-10-00002 | Improvements Assessment | $565,400 |
| Land Assessment | $750,000 | Total Assessment | $1,315,400 |
Property Taxes
Parcel Number
08-00120-10-00002
Land Assessment
$750,000
Improvements Assessment
$565,400
Total Assessment
$1,315,400
Contacts
-
Matthew Anuszkiewicz -
James Westerberg -
Andrew Darby -
Glen Kunofsky -
Christopher Marks -
Surmount
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Wendy's | 232 Route 70
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