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232 Route 70 2,907 SF Retail Building Toms River, NJ 08755 $4,405,766 CAD ($1,515.57 CAD/SF) 5.15% Cap Rate
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 1.00-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
$4,405,766 CAD
Price Per SF
$1,515.57 CAD
Cap Rate
5.15%
NOI
$226,897 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Zoning
RHB
Frontage
219’ on New Jersey 70
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 08-00120-10-00002 | Improvements Assessment | $773,467 CAD |
| Land Assessment | $1,026,000 CAD | Total Assessment | $1,799,467 CAD |
Property Taxes
Parcel Number
08-00120-10-00002
Land Assessment
$1,026,000 CAD
Improvements Assessment
$773,467 CAD
Total Assessment
$1,799,467 CAD
Contacts
-
Matthew Anuszkiewicz -
James Westerberg -
Glen Kunofsky -
Christopher Marks -
Tyler Hardin -
Surmount
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232 Route 70
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