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232 Route 70
Toms River, NJ 08755
Wendy's · Retail Property For Sale
Investment Highlights
- Long-Standing, High-Performing Location
- Strong Traffic Counts & Excellent Visibility
- Strong Demographic
- Large Parcel With Drive-Thru Configuration
Executive Summary
Surmount is pleased to present the exclusive listing for a Wendy's located at 232 New Jersey 70, Toms River, NJ 08755. The site consists of roughly 2,907 rentable square feet of building space on an estimated 2.50-acre parcel of land. This Wendy's is subject to a 25-year Triple Net (NNN) lease, which commenced 6/2 /2025. The current annual rent is $164,640 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,907 SF
Building Class
C
Year Built
1990
Price
$4,371,975 CAD
Price Per SF
$1,503.95 CAD
Cap Rate
5.15%
NOI
$225,157 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.50 AC
Zoning
RHB
Frontage
219’ on New Jersey 70
Property Taxes
| Parcel Number | 08-00120-10-00002 | Improvements Assessment | $773,224 CAD |
| Land Assessment | $1,025,678 CAD | Total Assessment | $1,798,902 CAD |
Property Taxes
Parcel Number
08-00120-10-00002
Land Assessment
$1,025,678 CAD
Improvements Assessment
$773,224 CAD
Total Assessment
$1,798,902 CAD
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