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1820 Lanes Mill Rd 17,467 SF Retail Building Brick, NJ 08724 $9,931,723 CAD ($568.60 CAD/SF) 4.93% Cap Rate
Investment Highlights
- Prime Location & Visibility Located on Lanes Mills Road, the property benefits from strong traffic exposure and easy accessibility
- The ±17,500 SF configuration supports a diverse tenant mix, reducing risk and providing flexibility for future leasing strategies.
- The property offers clear potential to increase value through cosmetic improvements
Executive Summary
Investment Opportunity – Stabilized Retail Asset in Prime Brick, NJ Corridor
Positioned along the highly trafficked corridor of 1820 Lanes Mills Rd, this ±17,500 SF multi-tenant retail property presents a compelling investment opportunity in one of Ocean County’s most active commercial markets.
The asset features a diverse tenant mix generating approximately $452,656 in annual gross income, with a net operating income of $359,996. The property offers stable in-place cash flow with upside potential through strategic leasing and operational improvements.
Situated on a well-traveled roadway with strong visibility and accessibility, the property benefits from consistent traffic flow and proximity to surrounding residential density, national retailers, and key local amenities.
The site includes on-site parking and functional retail layouts, making it attractive to a wide range of tenants. While the property has not undergone recent renovations, it presents a value-add opportunity for investors seeking to enhance curb appeal and increase long-term asset performance.
This offering is ideal for investors looking to acquire a well-located retail asset with existing income, repositioning potential, and strong fundamentals within the growing Brick submarket.
Positioned along the highly trafficked corridor of 1820 Lanes Mills Rd, this ±17,500 SF multi-tenant retail property presents a compelling investment opportunity in one of Ocean County’s most active commercial markets.
The asset features a diverse tenant mix generating approximately $452,656 in annual gross income, with a net operating income of $359,996. The property offers stable in-place cash flow with upside potential through strategic leasing and operational improvements.
Situated on a well-traveled roadway with strong visibility and accessibility, the property benefits from consistent traffic flow and proximity to surrounding residential density, national retailers, and key local amenities.
The site includes on-site parking and functional retail layouts, making it attractive to a wide range of tenants. While the property has not undergone recent renovations, it presents a value-add opportunity for investors seeking to enhance curb appeal and increase long-term asset performance.
This offering is ideal for investors looking to acquire a well-located retail asset with existing income, repositioning potential, and strong fundamentals within the growing Brick submarket.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
17,467 SF
Building Class
C
Year Built
1980
Price
$9,931,723 CAD
Price Per SF
$568.60 CAD
Cap Rate
4.93%
NOI
$489,778 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.39 AC
Zoning
RR1 - Rural Residential Zone
Parking
87 Spaces (4.98 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-01429-0000-00007 | Improvements Assessment | $1,741,943 CAD |
| Land Assessment | $1,101,419 CAD | Total Assessment | $2,843,362 CAD |
Property Taxes
Parcel Number
07-01429-0000-00007
Land Assessment
$1,101,419 CAD
Improvements Assessment
$1,741,943 CAD
Total Assessment
$2,843,362 CAD
Contacts
-
Devin Foderaro -
niles dodd -
Cole Malinowski -
Keller Williams Realty Monmouth/Ocean
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1820 Lanes Mill Rd
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