1600 Richmond Avenue, Point Pleasant Beach, NJ 08742
Spaces
Retail | Single tenant | 3,720 SqFt
Building description
Brand New to the Market!
Turn-key Wendy’s location with Drive-Thru available for Sublease
1600 Richmond Avenue, Point Pleasant Beach, NJ
Block: 13.01, Lot: 2
3,720 SF Freestanding quick-service restaurant (Wendy’s) sublease with Drive-Thru.
Fully Renovated in 2017. Located on approximately 1.05 AC of land.
Lease Details:
• 20-year initial lease term with four (4) five (5) year options.
• Lease commenced in 2017 and expires in 2036 - 9 years remaining on initial lease term.
• 10% rent increases every 5 years. Rent increases in 2027
Rent Details:
• $26.61 PSF NNN
• CAM: Tenant direct to vendors for CAM
• 2025 Insurance: Tenant pays direct - $30,228.00
• 2025 RE Taxes: Tenant reimburses Landlord - $24,499.16
• Water & Sewer: Tenant reimburses Landlord -
Key Highlights:
o Prime QSR Location
o Turnkey Freestanding QSR with drive-thru – highly desirable for fast food / QSR operators.
o High visibility on Richmond Avenue, a major arterial (Route 35) in Point Pleasant Beach.
o Dual Means of Ingress & Egress.
o Building was fully renovated in 2017 – No Deferred Maintenance.
o 46 Parking Spaces Onsite.
o Traffic Count: 24,204 vehicles per day
Occupancy Calculations:
o Dining area is 1271 SF.
o Kitchen area is 960 SF.
o Service Area is 277 SF.
o One Men & Women’s Restroom.
o Total Occupancy: 92
Population (2024):
• 1-mile: ~11,032 people
• 3-mile: ~51,803 people
• 5-mile: ~111,027 people
For more information please contact Matt Miller. Contact information below:
Cell: 908-770-0686
Email: matt@legacyrealtynj.com
Building highlights
Brand New to the Market!
Turn-key Wendy’s location with Drive-Thru available for Sublease
1600 Richmond Avenue, Point Pleasant Beach, NJ
Block: 13.01, Lot: 2
3,720 SF Freestanding quick-service restaurant (Wendy’s) sublease with Drive-Thru.
Fully Renovated in 2017. Located on approximately 1.05 AC of land.
Lease Details:
• 20-year initial lease term with four (4) five (5) year options.
• Lease commenced in 2017 and expires in 2036 - 9 years remaining on initial lease term.
• 10% rent increases every 5 years. Rent increases in 2027
Rent Details:
• $26.61 PSF NNN
• CAM: Tenant direct to vendors for CAM
• 2025 Insurance: Tenant pays direct - $30,228.00
• 2025 RE Taxes: Tenant reimburses Landlord - $24,499.16
• Water & Sewer: Tenant reimburses Landlord -
Key Highlights:
o Prime QSR Location
o Turnkey Freestanding QSR with drive-thru – highly desirable for fast food / QSR operators.
o High visibility on Richmond Avenue, a major arterial (Route 35) in Point Pleasant Beach.
o Dual Means of Ingress & Egress.
o Building was fully renovated in 2017 – No Deferred Maintenance.
o 46 Parking Spaces Onsite.
o Traffic Count: 24,204 vehicles per day
Occupancy Calculations:
o Dining area is 1271 SF.
o Kitchen area is 960 SF.
o Service Area is 277 SF.
o One Men & Women’s Restroom.
o Total Occupancy: 92
Population (2024):
• 1-mile: ~11,032 people
• 3-mile: ~51,803 people
• 5-mile: ~111,027 people
For more information please contact Matt Miller. Contact information below:
Cell: 908-770-0686
Email: matt@legacyrealtynj.com
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