Building Details

Year Built 1979

Listed By: Deepak Bansal Show Phone

Added: Jan 19 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This is a turn-key convenience store, identified as "Welsh Farm", featuring a bright, well-lit space. The 2,080-square-foot property includes a sales area, storage space, an office, and a walk-in cooler. It is situated in a high-visibility location near a Dunkin Donuts, laundromat, and liquor store. The business has been well-established for the last 8 years and has 12 years remaining on the lease. There is growth potential to increase income by adding a deli, which is already approved, and beach apparel. The property is located in Long Branch, New Jersey.

Property Analytics

Current Use

Retail properties & Spaces

Suggested Use

Top Pick Catering Service (Bike/Boat/Book/etc) Store Storage Facility Veterinary Clinic Daycare Center Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

1,274

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Dunkin' Donuts Dining

6,067 visits/mo 0.3 miles

Demographics for 07740, NJ

31,905

Population

15,208

Households

2.1

Avg Household Size

38

Median Age

35%

College-Educated

84%

High-School Grad

5.3 sq mi

ZIP Area

6,020

Density / Sq Mi

$73,806

Median Household Income

$38,614

Median Earnings

$1,744

Median Rent

$521,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

Where is this retail property located?

The property is located at 492 Joline Ave Unit Unit 9 Long Branch, NJ.

What is the lease rate?

The lease rate is $75,000.