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34 Leonardville Road 34 Leonardville Rd 4,780 SF 100% Leased Retail Building Middletown, NJ 07748 $1,575,000 ($329.50/SF) 7.31% Cap Rate
Investment Highlights
- Strategic Retail Location
- Exceptional Demographics
- Gateway to the Jersey Shore
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a multi-tenant retail center located at 34 Leonardville Road in Middletown Township, New Jersey (the “Property”). The well-maintained plaza was constructed in 1980 and is improved by a 4,669 square foot building on 0.88-acres of land spread over two parcels. The retail center is 100% leased to seven (7) tenants that cater to the needs of the area residents. The Property offers a stable and secure asset with established tenants.
The Property is strategically positioned along Leonardville Road, offering strong frontage and visibility just moments from the commercial node at the intersection with Main Street. Situated between NJ Route 35 and NJ Route 36, two of the area’s primary commercial and commuter corridors, the Property benefits from excellent accessibility within an established trade area.
The surrounding area includes densely populated residential neighborhoods and nearby schools, supporting a consistent built-in customer base, along with a mix of national retailers and restaurants that generate steady traffic. The Property is also conveniently located near Sandy Hook Bay, with quick access to Sandy Hook and the Atlantic shoreline, enhancing its appeal.
In addition, the site offers strong regional connectivity via NJ Route 35, NJ Route 36, the Garden State Parkway, Middletown Train Station, and the Seastreak Ferry Terminal, providing efficient access throughout the region and to New York City, approximately 25 miles to the north.
The Property is strategically positioned along Leonardville Road, offering strong frontage and visibility just moments from the commercial node at the intersection with Main Street. Situated between NJ Route 35 and NJ Route 36, two of the area’s primary commercial and commuter corridors, the Property benefits from excellent accessibility within an established trade area.
The surrounding area includes densely populated residential neighborhoods and nearby schools, supporting a consistent built-in customer base, along with a mix of national retailers and restaurants that generate steady traffic. The Property is also conveniently located near Sandy Hook Bay, with quick access to Sandy Hook and the Atlantic shoreline, enhancing its appeal.
In addition, the site offers strong regional connectivity via NJ Route 35, NJ Route 36, the Garden State Parkway, Middletown Train Station, and the Seastreak Ferry Terminal, providing efficient access throughout the region and to New York City, approximately 25 miles to the north.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,780 SF
Building Class
C
Year Built
1956
Price
$1,575,000
Price Per SF
$329.50
Cap Rate
7.31%
NOI
$115,075
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.88 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 5
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34 Leonardville Road | 34 Leonardville Rd
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