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Restaurant

Starbucks

999 NJ-36, Atlantic Highlands, NJ 07716

Listing Price: $2,950,000

Cap Rate
4.24%
Tenant Name
Starbucks
Years Remaining On Lease
9.9
Gross SF
3,017
Guarantor
Corporate Guarantee
Rentable SF
3,017
Price/Gross SF
$977.79
Lease Type
Double Net
Rent Per Square Feet
$41.43

Investment Overview

Dominant Tourist & Visitor Area | First Avenue is the main corridor for locals and tourists to reach the Atlantic Highlands Marina and high-speed ferry to NYC. Desirable Location & Accessibility | 90K Residents with $144K+ in Average Household Income within a 5-mile radius. Major Economic Drivers | Subject Site benefits from its proximity to major submarket traffic generators including Atlantic Highlands Elementary School (Within 0.5 miles), Monmouth County High School (Within 1-mile), and the Atlantic Highlands Marina (Within 1-mile)

Investment Highlights

  • New Construction Opportunity (Built in 2022) with Minimal Landlord Responsibilities
  • Strong Real Estate Fundamentals | Prominently Sits on 1.27 Acres with 55+/- Parking Spaces
  • Strategic Location | Located off one of the busiest intersections in Atlantic Highlands, 1st Avenue (5,811 VPD) and Route 36 (15,751 VPD)

Exclusively Listed By

Financing By

Listing Price: $2,950,000

Cap Rate
4.24%
Tenant Name
Starbucks
Years Remaining On Lease
9.9
Gross SF
3,017
Guarantor
Corporate Guarantee
Rentable SF
3,017
Price/Gross SF
$977.79
Lease Type
Double Net
Rent Per Square Feet
$41.43

Investment Highlights

  • New Construction Opportunity (Built in 2022) with Minimal Landlord Responsibilities
  • Strong Real Estate Fundamentals | Prominently Sits on 1.27 Acres with 55+/- Parking Spaces
  • Strategic Location | Located off one of the busiest intersections in Atlantic Highlands, 1st Avenue (5,811 VPD) and Route 36 (15,751 VPD)

Investment Overview

Dominant Tourist & Visitor Area | First Avenue is the main corridor for locals and tourists to reach the Atlantic Highlands Marina and high-speed ferry to NYC. Desirable Location & Accessibility | 90K Residents with $144K+ in Average Household Income within a 5-mile radius. Major Economic Drivers | Subject Site benefits from its proximity to major submarket traffic generators including Atlantic Highlands Elementary School (Within 0.5 miles), Monmouth County High School (Within 1-mile), and the Atlantic Highlands Marina (Within 1-mile)

Exclusively Listed By

Financing By

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