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75 Brighton Ave 4,312 SF 100% Leased Retail Building Long Branch, NJ 07740 $3,923,111 CAD ($909.81 CAD/SF) 6.39% Cap Rate
Investment Highlights
- 100% occupied, four-tenant retail strip one block from the Atlantic Ocean, positioned in one of NJ’s most active & revitalizing beachfront market.
- 2023 roof replacement significantly reduces near-term capital expenditure exposure and provides a strong structural baseline for the existing building
- Stable in-place income of approximately $182,000 in annual base rent with staggered lease expirations from 2027 to 2029.
Executive Summary
JLL is pleased to exclusively present the opportunity to acquire 75 Brighton Avenue, a four-tenant retail strip center located in the desirable West End section of Long Branch, New Jersey. The property consists of four street-level storefronts on a ±7,784 SF lot, one block from the Atlantic Ocean, with concrete parking at the rear. The building is a one-story masonry structure constructed in 1941 with a roof replacement completed in 2023. Long Branch is one of Monmouth County's most dynamic beachfront communities and continues to benefit from ongoing oceanfront and downtown redevelopment investment. The subject property is positioned to capture both stable near-term income from four active tenants and meaningful rent upside as leases roll within the next one to
three years.
three years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,312 SF
Building Class
C
Year Built
1940
Price
$3,923,111 CAD
Price Per SF
$909.81 CAD
Cap Rate
6.39%
NOI
$250,528 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
C-3
Parking
6 Spaces (1.22 Spaces per 1,000 SF Leased)
Frontage
Very walkable
80/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-00127-0000-00009 | Improvements Assessment | $895,209 CAD |
| Land Assessment | $894,654 CAD | Total Assessment | $1,789,862 CAD |
Property Taxes
Parcel Number
27-00127-0000-00009
Land Assessment
$894,654 CAD
Improvements Assessment
$895,209 CAD
Total Assessment
$1,789,862 CAD
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75 Brighton Ave
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