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Property profile

2501 Nj-88 Point Pleasant, NJ 08742

OFF-MARKET
Retail properties & Spaces
1,200 SF
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Property summary

AI-generated overview

This thriving Point Pleasant, NJ café presents a fantastic owner-user opportunity. Located at 2501 NJ-88, this Class B retail property boasts 1,200-1,250 square feet within a single building, and includes 12 parking spaces. The property features a double entrance kitchen, a dry basement storage area with a small refrigerator and freezer, and a central AC system in the main dining area. The café is equipped with two Clover computer systems and two handheld ordering and payment devices, enhancing operational efficiency. Outdoor seating accommodates approximately 45 patrons under a canopy, supplemented by ample indoor seating for 25-30 guests. Recent upgrades include a new dishwasher (with a two-year chemical lease), a new hood system, and all equipment is included in the sale. Additional features include two ice makers (one outdoors), three outdoor coolers, website access, and one bathroom. The asking price is $380,000, and owner financing is available. The property is a multi-tenant building with a total of two tenants, operating under a NNN lease. The building was renovated in 2000. This turnkey operation is ready for a new owner to step in and continue its success. The property is situated in Ocean County, NJ, zip code 08742.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,200 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2501 Nj-88 Point Pleasant, NJ 08742
Point Pleasant metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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