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32613069
32613067

1920 New Jersey 37, Toms River, NJ 08753

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
MK
PA R336064
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$3,500,000
22 days on market
Updated 9 days ago

Caliber Collision Strip Center

Details
Property Type Retail
Square Footage 38,000
Cap Rate 6.04%
NOI $211,349
Occupancy 100%
Tenancy Multi
Brand/Tenant Caliber Collision
Year Built 1972
Acreage 2.630
Zoning HB
Parking Spaces 133 spaces
Parking Per SqFt 3.50
Ground Lease No

GENERATIONAL SALE | GROWTH MARKET | ROUTE 37 ARTERY

Investment highlights

RARE GENERATIONAL SALE

• Current family ownership has controlled the property since 1977, creating a true generational acquisition opportunity

MEANINGFUL NOI GROWTH OPPORTUNITY

• Potential to increase NOI by $45,000–$100,000+ annually through raising PRO-CAT’s rent, converting to Triple Net, or replacing with a stronger operator

• PRO-CAT pays only $7.44 PSF on a month-to-month basis versus estimated market rents of $10.50+ PSF, creating immediate upside through lease formalization or re-tenanting

EXCELLENT REAL ESTATE FUNDAMENTALS ALONG ROUTE 37 IN TOMS RIVER, NJ @ $90 PSF

• 2.63 Acres l 38,800 SF l 100% Occupied l 133 Parking Spaces

• Strong frontage and visibility along Route 37 (Prime Ocean County Artery) with 31,000+ Vehicles Per Day (VPD)

VALUE ADD | PSF VS CAP RATE

• Ability to Acquire in Toms River for $90 PSF

• Pro Cat is on MTM with no formal lease

ANCHORED BY CALIBER COLLISION – BEST IN CLASS RETAILER

• Founded in 1997, Caliber is the #1 Auto Body Repair Provider in the US with 1,800 centers across 41 states employing more than 30,000 teammates.

• Owned by a private equity firm Hellman & Friedman, Caliber has an estimated $4 Billion in Annual Revenue

EXCEPTIONAL LOCATION

• Within a 1-mile radius, the Population is 11,932 & AHI is $110,474 with expected population growth of 2.10% in next 5 years

• Dense Residential & Tourism Base – Surrounded by strong year-round population with additional seasonal demand driven by Seaside Heights, Lavallette, Mantoloking and Jersey Shore tourism

Listing Contacts

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
MK
PA R336064
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,349.00
$17,612.42/mo

Valuation Metrics

0
DSCR
6.04%
Cap Rate
6.04%
ROI

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Additional Information

Name
Jim McGuckin
License
2082114
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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