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    4 Rte 36 Hazlet, NJ 07730

    Sponsored
    For Sale
    Contact for pricing

    High-Traffic Hazlet, NJ Retail Center

    Property size:
    14,112 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 14,112 square foot retail property located at 4 & 14 Route 36 in Hazlet, New Jersey, Monmouth County, zip code 07730. The property, situated on a 0.85-acre lot (Block 149 Lot 1), boasts a prime location at a hard corner intersection on Route 36, experiencing over 29,000 vehicles daily. Currently 100% occupied by a CVS Pharmacy (leased until August 2037, S&P BBB+) and a Best Buy Liquors (leased until December 31, 2024), this property generates a strong net operating income (NOI) of $274,953. Built in 1960 and renovated in 1985, the property includes 45 parking spaces (a 3.30/1,000 parking ratio). The convenient location offers easy access to the Jersey Shore and the Garden State Parkway, catering to a substantial market with an average household income exceeding $113,000 within a 3-mile radius. Further upside potential exists with approximately 4,500 square feet of vacant second-floor space, ideal for professional office use. Rent bumps are included in the lease agreements. This property represents a compelling investment opportunity in a high-demand retail corridor.

    Property Features for 4 Rte 36

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,112 SF
    Lot Size
    37,026 SF

    Building Details

    Year Built/Renovated
    1960/1985

    HighLights

    • 100% occupied by CVS Pharmacy (leased to 8/2037, S&P BBB+) and Best Buy Liquors (leased to 12/31/2024).
    • Potential for additional professional office space on the second floor (approx. 4,500 SF).
    • 0.85‑acre lot (Block 149, Lot 1).
    • Built in 1960, renovated in 1985.
    • 45 parking spaces (3.30/1,000 ratio).
    • High‑traffic hard corner location on Route 36, with over 29,000 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Map

    City
    Hazlet
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.1491977
    Latitude
    40.438279

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    FAQs

    What type of property is this?
    Individual retail property - High-Traffic Hazlet, NJ Retail Center
    Where is this individual retail property located?
    The property is located at 4 Rte 36 Hazlet, NJ.
    What are key features of this property?
    This property features: 100% occupied by CVS Pharmacy (leased to 8/2037, S&P BBB+) and Best Buy Liquors (leased to 12/31/2024).; Potential for additional professional office space on the second floor (approx. 4,500 SF).; 0.85-acre lot (Block 149, Lot 1).
    Request Owner's contact information
    4 Rte 36 Hazlet, NJ 07730
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    Hazlet, NJ 07730
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4 Rte 36 Hazlet, NJ 07730
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