Nassau Holdings 10-Year Sale/Leaseback
Office | 6.00% CAP
Marketing description
Marcus & Millichap is pleased to exclusively present 704 Howe Street, Point Pleasant, Ocean County, New Jersey.
Investment highlights
TENANT(S)
•Nassau Holdings is a Privately held Real Estate Investment Firm
•Nassau Holdings has been in Business for over 40 Years
•Nassau Holdings Owns Approximately 20 Commercial Properties Along with Several Operating Businesses
•Approximate $45M Net Worth
LEASE(S)
•10-Year Absolute Net Lease to Commence at the Close of Escrow
•3% Annual Rent Increases
•2-5 Year Renewal Options
BUILDING
•Newly Built in 2005 – 2,800 Square Foot Structure on Two Stories
•Oversized Parcel for the Area with Large Parking Lot in the Front of the Property
LOCATION/ MARKET
•Prime Location in the Lovelandtown Section of Point Pleasant just 100 Feet from the Bay Head border
•Two Blocks to the Bay and Seven Blocks to the Ocean
•Excellent Demographics with a Five-Mile Population over 108K People and a One-Mile Average Household Income over $137K
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