325 Main St Lacey Township, NJ 08734
- Retail properties
- 5,210 SF
- 1.95 lot acres
Current Use by Public Records
- Isalis / Women'S Clothing Store / Jewelry Store
- Party City / Balloon Store / Candy Store
- Skunk Funk / Clothing Store / Corporate Campus
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 325 Main St
- Lot size
- 1.95 lot acres
- Property size
- 5,210 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 5,210 square foot Mavis Discount Tire located at 325 N Main St, Lacey Township, NJ 08734. The property sits on a 1.95-acre lot and boasts a strong 20-year NNN lease with 16.6 years remaining, providing significant long-term stability. The current annual net operating income (NOI) is $200,286, representing a compelling 5.25% cap rate. The lease commenced June 16, 2021, and expires June 29, 2041. Annual rent increases of 1.5% are built in, starting in year seven, and continue through six 5-year renewal options. The property's price per square foot is $732.24, reflecting its prime location and strong tenant. This is a turnkey investment with minimal landlord responsibilities, offering a secure and attractive return on investment. The property is 100% occupied by a well-established national brand, Mavis Discount Tire, minimizing vacancy risk. This presents a rare opportunity to acquire a high-performing, long-term NNN leased asset in a desirable location. The property's strong financials, coupled with the long-term lease and built-in rent increases, make this an ideal addition to any investment portfolio. The asking price for this exceptional property is $3,814,971.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lacey Township
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.1829
- Latitude
- 39.8502
