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Mixed-Use

North Dover Square - MEDICAL/RETAIL MIXED-USE

277 NJ-70, Toms River, NJ 08755

Listing Price: $8,076,000

Cap Rate
7.25%
Gross SF
20,460
Rentable SF
20,460
Price/Gross SF
$394.72
Lot Size
3.01 acres
Year Built
2014

Investment Overview

Marcus & Millichap is pleased to exclusively present North Dover Square, a premier Medical/Retail Mixed-Use building located at 277 NJ-70, Toms River, Ocean County, New Jersey.

This offering represents a rare opportunity to acquire a 98% occupied, approximately 20,460 SF mixed-use property in one of the fastest-growing areas of the Lakewood, NJ market.

Investment Highlights

  • Two-Story Office Building Location: Well-Occupied with a Diverse Tenant Mix, Generating Strong Cash Flow in One of the Fastest-Growing Areas of the Lakewood, NJ Market
  • Prime Location: Situated on Route 70 with excellent accessibility to Lakewood, Toms River, and Manchester. The property is at the intersection of Whitesville Road and Cox Cro, providing easy access to
  • High Traffic Visibility: The property benefits from high visibility on the heavily traveled Route 70, which sees over 23,000 vehicles per day.
  • Dual Access Points: Convenient ingress and egress from both Route 70 and Crescent Court.
  • Strong Tenant Mix: The two-story office building is well-occupied with a diverse mix of tenants, generating strong cash flow.
  • Nearby Amenities: Surrounded by national tenants such as Aldi, Starbucks, Stop & Shop, Wawa, Tractor Supply Co, Exxon, McDonald's, Wendy's, Extra Space Storage, Ocean First Bank, and more, providing a robust business environment.
  • Demographics: The area boasts a population of over 183,000 within a 5-mile radius and an average household income above $106,000 within a 1-mile radius, offering a strong market for businesses.
  • Adjacent Opportunity: Fully approved development with permits for a +/-23,000 SF two-story office building. This site offers a prime development opportunity in one of the fastest-growing areas of the Lakewood, NJ market, presenting further investment potential and synergies with the adjacent cash-flowing property. Available separately.

Exclusively Listed By

Financing By

Mixed-Use

North Dover Square - MEDICAL/RETAIL MIXED-USE

Listing Price: $8,076,000

Cap Rate
7.25%
Gross SF
20,460
Rentable SF
20,460
Price/Gross SF
$394.72
Lot Size
3.01 acres
Year Built
2014

Investment Highlights

  • Two-Story Office Building Location: Well-Occupied with a Diverse Tenant Mix, Generating Strong Cash Flow in One of the Fastest-Growing Areas of the Lakewood, NJ Market
  • Prime Location: Situated on Route 70 with excellent accessibility to Lakewood, Toms River, and Manchester. The property is at the intersection of Whitesville Road and Cox Cro, providing easy access to
  • High Traffic Visibility: The property benefits from high visibility on the heavily traveled Route 70, which sees over 23,000 vehicles per day.
  • Dual Access Points: Convenient ingress and egress from both Route 70 and Crescent Court.
  • Strong Tenant Mix: The two-story office building is well-occupied with a diverse mix of tenants, generating strong cash flow.
  • Nearby Amenities: Surrounded by national tenants such as Aldi, Starbucks, Stop & Shop, Wawa, Tractor Supply Co, Exxon, McDonald's, Wendy's, Extra Space Storage, Ocean First Bank, and more, providing a robust business environment.
  • Demographics: The area boasts a population of over 183,000 within a 5-mile radius and an average household income above $106,000 within a 1-mile radius, offering a strong market for businesses.
  • Adjacent Opportunity: Fully approved development with permits for a +/-23,000 SF two-story office building. This site offers a prime development opportunity in one of the fastest-growing areas of the Lakewood, NJ market, presenting further investment potential and synergies with the adjacent cash-flowing property. Available separately.

Investment Overview

Marcus & Millichap is pleased to exclusively present North Dover Square, a premier Medical/Retail Mixed-Use building located at 277 NJ-70, Toms River, Ocean County, New Jersey. This offering represents a rare opportunity to acquire a 98% occupied, approximately 20,460 SF mixed-use property in one of the fastest-growing areas of the Lakewood, NJ market.

Exclusively Listed By

Financing By

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