Listed by A.W. Van Winkle & Company
$2,399,000
206 Courthouse Ln
Details
Property Type Office
Sub Type Government offices
Square Footage 9,000
Cap Rate 6.78%
NOI $162,731
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 1
Lease Expiration 12/31/2027
Rent Bumps Yes
Lease Options Four (4) consecutive one-year renewals available through 2029
Class B
Year Built 1953
Buildings 1
Lot Size (SqFt) 5,000
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/30/2025
Office | 9,000 SqFt
Marketing description
This property offers investors a rare opportunity to acquire a building leased to Ocean County, a secure government tenant with more than a decade of established presence in the area. With predictable rent escalations, multiple extension options, and a true net lease structure, the property ensures stable income with minimal landlord obligations. Its courthouse-adjacent location further secures long-term strategic importance for the tenant.
Investment highlights
- Credit Tenant: County of Ocean (government)
- Lease Term: Through December 31, 2027
- Extension Options: Two (2) consecutive one-year renewals available through 2029
- Size: ~9,000 SF single-tenant building
- Lease Type: Absolute Net Lease (tenant pays taxes, assessments, water, charges, repairs, structural or otherwise)
- Use: Government offices - stable long-term tenancy
Listing Contacts
Listed by A.W. Van Winkle & Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$162,731.45
$13,560.95/mo
Valuation Metrics
0
DSCR
6.78%
Cap Rate
6.78%
ROI
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