22 Lewis Street Unit 5, Eatontown, NJ 07724

This for-sale strip center is fully leased to five commercial tenants. The current tenant mix includes a pizza restaurant under a recently signed 10-year lease at $2,500 per month and an electronic smoke (cigar & cigarette accessories) tenant under a recently signed 15-year lease at $2,400 per month, both reportedly being redecorated. Other tenants include a hair salon at $1,020 per month on a month-to-month basis, and a dry cleaner at $1,550 per month with renewal noted as available when a remaining term expires. Unit 5 is leased at $1,500 per month to a dance studio.

The property provides access to a municipal parking lot that accommodates approximately 50 cars. The parking lot is owned by the township, and the township is responsible for cleaning, real estate tax and insurance, snow removal, and related expenses. The remarks indicate the parking lot is available for public use and does not belong to the seller.

For investors and owner-operators, the income profile is supported by an annual gross rental income of $105,240 with annual expenses of $21,000, resulting in net annual rental income of $84,240 as stated in the offering information. Several tenants are described as having been in place for years, and the landlord’s ability to obtain new tenants is referenced where applicable, including for the hair salon on month-to-month terms.