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660 Highway 35 6,696 SF Retail Building Middletown, NJ 07748 $3,489,800 CAD ($521.18 CAD/SF)
INVESTMENT HIGHLIGHTS
- 2 Property Package
- 109’ Frontage on Rt 35
- Rare Investment
- Passive NN Lease
- 40,934 VPD Exposure
- Property Package
EXECUTIVE SUMMARY
660 Route 35 & 16 Gillville Lane presents a unique investment package opportunity to own an expansive commercial building with a long term lease located along Route 35 AND a detached residential property that can be utilized by an owner/user or for future investment. Compact Auto Body has over 7 years remaining on their initial lease term with (2) 5 year options to renew. Compact Auto is a part of Vive Collision, which has over 55 locations throughout the northeast. The property is positioned on Route 35 with over 40,000 Vehicles Per Day exposure and among many national tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
6,696 SF
Building Class
C
Year Built
1960
Price
$3,489,800 CAD
Price Per SF
$521.18 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.77 AC
Zoning
B-3 - Business Zone
Parking
32 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
109’ on Route 35
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Compact Auto - Vive
- -
- 6,300 SF
- -
- Double Net
- Jan 2032
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Compact Auto - Vive | - | 6,300 SF | - | Double Net | Jan 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32-00869-0000-00108 | Improvements Assessment | $250,753 CAD |
| Land Assessment | $883,019 CAD | Total Assessment | $1,133,772 CAD |
PROPERTY TAXES
Parcel Number
32-00869-0000-00108
Land Assessment
$883,019 CAD
Improvements Assessment
$250,753 CAD
Total Assessment
$1,133,772 CAD
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660 Highway 35
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