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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29771043
31658331

3443 NJ-66, Neptune Township, NJ 07753

IF
NJ 2321546
Compass New Jersey
Listed by Compass New Jersey
$5,500,000
108 days on market
Updated 15 days ago

Route 66 Investment + Owner-User Opportunity

Details
APN 35-03701-0000-00009
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 17,287
Net Rentable (SqFt) 17,287
Units 80
Cap Rate 2.73%
NOI $150,000
Occupancy 60%
Tenancy Single
Lease Type Modified
Lease Term 22
Lease Expiration 08/31/2033
Remaining Term 7.2
Rent Bumps Yes
Pro-Forma Cap Rate 5.91%
Pro-Forma NOI $325,000
Price per SqFt $318
Class B
Year Built 1974
Buildings 1
Stories 1
Lot Size (SqFt) 133,729
Zoning C-1
Parking Spaces spaces
Investment Type Value Add
Tenant Credit Franchisee
Lease Commencement 08/31/2011
Ground Lease No
Ownership Private
Sale Condition 1031 exchange

Medical / Therapy / Flex Space | Parking + Visibility

Marketing description

17,287 SF commercial building on 3+ acres along the highly traveled Route 66 corridor in Neptune, NJ. The property includes a long-term Kiddie Academy tenant occupying approx. 10,000 SF through 2033, plus 7,000+ SF available for lease or owner occupancy. Flexible layout includes office, open/flex space, conference rooms, kitchen, and storage. Ideal for investors, owner-users, medical, therapy, ABA, professional office, education, wellness, or similar users seeking immediate income with upside potential. Located near major retailers including Walmart and Home Depot.

Ownership is actively marketing the available space for lease while simultaneously offering the property for sale, creating flexibility for investors seeking lease-up upside or owner-users looking to occupy all or part of the building.

Investment highlights

-17,287 SF building on 3+ acres

-10,000 SF leased to Kiddie Academy through 2033

-7,000+ SF available for lease or owner occupancy

-Flexible office/flex layout with private offices and open space

-Ideal for medical, therapy, ABA, office, education, or wellness

-Route 66 corridor near Walmart, Home Depot, and major retail

-Income-producing asset with lease-up upside

-7,000+ SF Available | $25/SF/YR

Listing Contacts

IF
NJ 2321546
Compass New Jersey
Listed by Compass New Jersey

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
2.73%
Cap Rate
2.73%
ROI

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Additional Information

Name
Isaac Franco
License
2321546
Brokerage
Compass New Jersey LLC
Brokerage Phone
7329770700
Title
Real Estate Salesperson
Brokerage Address
623 River Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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