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435 Highway 70 3,210 SF Retail Building Lakewood, NJ 08701 For Sale 5.25% Cap Rate
Executive Summary
This NNN asset is a 3,210 sq ft Citizens Bank branch located at 435 Route 70 in Lakewood, Ocean County, NJ. The improvements were constructed in 2000 and are situated on a 1.70-acre parcel featuring approximately 234 feet of frontage along Route 70, a primary commercial corridor in the market. The property is leased on a triple-net (NNN) basis, providing investors with passive income and no landlord responsibilities. The initial lease term expires in October 2031 and includes tenant renewal options, offering the potential for continued long-term occupancy and cash flow stability.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Bank
Building Size
3,210 SF
Building Class
B
Year Built
1990
Cap Rate
5.25%
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.71 AC
Opportunity Zone
Yes
Zoning
B5 - Highway Business District
Parking
20 Spaces (3.02 Spaces per 1,000 SF Leased)
Frontage
243’ on New Jersey 70
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-01087-0000-00031 | Improvements Assessment | $763,800 |
| Land Assessment | $811,200 | Total Assessment | $1,575,000 |
Property Taxes
Parcel Number
15-01087-0000-00031
Land Assessment
$811,200
Improvements Assessment
$763,800
Total Assessment
$1,575,000
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Contact the Sale Advisor
435 Highway 70