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1000 1/2 NJ-36 Rt 2,240 - 3,500 SF of 4-Star Retail Space Available in Atlantic Highlands, NJ 07716
HIGHLIGHTS
- See attached videos and brochure for property overview and leasing.
- 23,750 vehicles per day with summertime increase to 35,625.
- Supply constrained retail trade area with nearly 600 new residences in development makes this location highly coveted
- Newly re-developed/ renovated.
- Highway frontage. Easy access. Great visibility.
- Area receives 1,500,000 visitors every June-July-Aug.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,240-3,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Proposed pad site available.
- Lease rate does not include utilities, property expenses or building services
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 3,500 SF | Total Land Area | 0.15 AC |
| Min. Divisible | 2,240 SF | Year Built | 2027 |
| Property Type | Retail | Parking Ratio | 10.29/1,000 SF |
| Property Subtype | Fast Food | Construction Status | Proposed |
| Gross Leasable Area | 3,500 SF |
| Total Space Available | 3,500 SF |
| Min. Divisible | 2,240 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 3,500 SF |
| Total Land Area | 0.15 AC |
| Year Built | 2027 |
| Parking Ratio | 10.29/1,000 SF |
| Construction Status | Proposed |
ABOUT THE PROPERTY
Navesink Center is a newly renovated neighborhood shopping center with 44,298 net rentable square feet and 183 parking stalls (ratio of 4.13/ 1000). Perched above State Route 36 and Valley Drive East with two entry/ exit points from each roadway, Navesink Center is highly visible and easily accessible helping to produce the heavy footfall and above average sales reported by tenants. Professionally managed and with lease terms averaging more than 20 years, Navesink Center is currently anchored by a mix of e-commerce and pandemic resilient tenants including Goodwill, Dollar Tree, Investors Bank, Integrated Medical Alliance, Navesink Fitness, Gateway Liquors and shadow anchored by Super Food-town, Quick-check and CVS pharmacy, In the path of NYC commuter traffic, 23,750 vehicles pass by Navesink Center each day. Traffic increases to 35,625 vehicles per day during the summertime when nearly 1,500,000 people visit the area. Consumer demand currently outpaces supply by more than 600 million dollars per year (according to ESRI 2020) and this trend is likely to continue as development of retail property in the area is severely limited due to zoning and wetlands restrictions. On the other hand, there are more than 600 residential units currently in development adding to the 50,000 residents currently living within a 10 minute drive time. The net effect of the above is that Navesink Center is well positioned for long term success.
- Corner Lot
- Restaurant
- Drive Thru
- Accent Lighting
- Air Conditioning
NEARBY MAJOR RETAILERS
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1000 1/2 NJ-36 Rt
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