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1600 Richmond Ave 3,720 SF of Retail Space Available in Point Pleasant Beach, NJ 08742
SUBLEASE HIGHLIGHTS
- Freestanding QSR with Drive Thru
- High Visibility on Route 35 -Traffic Count: 24,204
- Turnkey Freestanding QSR - Newly Renovated in 2017
- 46 Parking Spaces Onsite
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,720 SF | Aug 2037 | $37.15 CAD/SF/YR $3.10 CAD/SF/MO $138,181 CAD/YR $11,515 CAD/MO | Triple Net (NNN) |
1st Floor
Brand New to the Market! Turn-key Wendy’s location with Drive-Thru available for Sublease 1600 Richmond Avenue, Point Pleasant Beach, NJ Block: 13.01, Lot: 2 3,720 SF Freestanding quick-service restaurant (Wendy’s) sublease with Drive-Thru. Fully Renovated in 2017. Located on approximately 1.05 AC of land. Lease Details: • 20-year initial lease term with four (4) five (5) year options. • Lease commenced in 2017 and expires in August 2037 - 11 years and 9 months remaining on initial lease term. • 10% rent increases every 5 years. Rent increases in 2027 Rent Details: • $26.61 PSF NNN • CAM: Tenant direct to vendors for CAM • 2025 Insurance: Tenant pays direct - $30,228.00 • 2025 RE Taxes: Tenant reimburses Landlord - $24,499.16 • Water & Sewer: Tenant reimburses Landlord - Key Highlights: o Prime QSR Location o Turnkey Freestanding QSR with drive-thru – highly desirable for fast food / QSR operators. o High visibility on Richmond Avenue, a major arterial (Route 35) in Point Pleasant Beach. o Dual Means of Ingress & Egress. o Building was fully renovated in 2017 – Limited Deferred Maintenance. o 46 Parking Spaces Onsite. o Traffic Count: 24,204 vehicles per day Occupancy Calculations: o Dining area is 1271 SF. o Kitchen area is 960 SF. o Service Area is 277 SF. o One Men & Women’s Restroom. o Total Occupancy: 92 Population (2024): • 1-mile: ~11,032 people • 3-mile: ~51,803 people • 5-mile: ~111,027 people WE CANNOT CONFIRM THE ORIGINAL CONSTRUCTION DATE - BUILDING WAS FULLY RENOVATED IN 2017. For more information please contact Matt Miller. Contact information below: Cell: 908-770-0686 Email: matt@legacyrealtynj.com
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Fast Food Restaurant
- Space is an outparcel at this property
- Space is in Excellent Condition
- Drive Thru
- Freestanding QSR with Drive Thru
- Turnkey Freestanding QSR - Newly Renovated in 2017
- 46 Parking Spaces Onsite
- High Visibility on Route 35 -Traffic Count: 24,204
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.
SELECT TENANTS AT 1600 RICHMOND AVE, POINT PLEASANT BEACH, NJ 08742
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Wendy's
- Fast-food
- 7,158
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Wendy's | Fast-food | 7,158 | International |
PROPERTY FACTS
| Total Space Available | 3,720 SF | Gross Leasable Area | 3,720 SF |
| Property Type | Retail | Year Built/Renovated | 1993/2017 |
| Property Subtype | Fast Food | Parking Ratio | 12.37/1,000 SF |
| Total Space Available | 3,720 SF |
| Property Type | Retail |
| Property Subtype | Fast Food |
| Gross Leasable Area | 3,720 SF |
| Year Built/Renovated | 1993/2017 |
| Parking Ratio | 12.37/1,000 SF |
ABOUT THE PROPERTY
Brand New to the Market! Turn-key Wendy’s location with Drive-Thru available for Sublease 1600 Richmond Avenue, Point Pleasant Beach, NJ Block: 13.01, Lot: 2 3,720 SF Freestanding quick-service restaurant (Wendy’s) sublease with Drive-Thru. Fully Renovated in 2017. Located on approximately 1.05 AC of land. Lease Details: • 20-year initial lease term with four (4) five (5) year options. • Lease commenced in 2017 and expires in 2036 - 9 years remaining on initial lease term. • 10% rent increases every 5 years. Rent increases in 2027 Rent Details: • $26.61 PSF NNN • CAM: Tenant direct to vendors for CAM • 2025 Insurance: Tenant pays direct - $30,228.00 • 2025 RE Taxes: Tenant reimburses Landlord - $24,499.16 • Water & Sewer: Tenant reimburses Landlord - Key Highlights: o Prime QSR Location o Turnkey Freestanding QSR with drive-thru – highly desirable for fast food / QSR operators. o High visibility on Richmond Avenue, a major arterial (Route 35) in Point Pleasant Beach. o Dual Means of Ingress & Egress. o Building was fully renovated in 2017 – No Deferred Maintenance. o 46 Parking Spaces Onsite. o Traffic Count: 24,204 vehicles per day Occupancy Calculations: o Dining area is 1271 SF. o Kitchen area is 960 SF. o Service Area is 277 SF. o One Men & Women’s Restroom. o Total Occupancy: 92 Population (2024): • 1-mile: ~11,032 people • 3-mile: ~51,803 people • 5-mile: ~111,027 people For more information please contact Matt Miller. Contact information below: Cell: 908-770-0686 Email: matt@legacyrealtynj.com
- Freeway Visibility
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1600 Richmond Ave
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