275 Broadway, Keyport, NJ 07735-1151
- Car washes
- 13,320 SF
- 0.76 lot acres
Current Use by Public Records
- Platinum Car Wash / Car Wash
- Mavis Discount Tire / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 275 Broadway
- Year built
- 1991
- Construction
- FRAME
- Lot size
- 0.76 lot acres
- Zone code
- HC
- Property type
- Car washes
- APN
- 24 00001- 02-00049
- APU
- 24000010200049
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 19, 2025 | — | Keyport 35 LLC | — | Deed · related | $1.3M · Brightstar Cu |
| Jul 27, 2021 | $1,699,219 | Northeast Tire Re Owner LLC | Somerset Tire Service INC | Bargain And Sale Deed | $7.1M · Bankwell Bank |
Description
This exceptional investment opportunity presents a single-tenant, 12,676 square foot Mavis Discount Tire located at 275 Broadway, Keyport, New Jersey, in Monmouth County (zip code 07735). The property sits on a 0.32-acre lot and is subject to a 20-year absolute triple-net (NNN) lease, commenced June 16, 2021, and expiring June 29, 2041, leaving approximately 16.6 years remaining. The current annual net operating income (NOI) is $123,000, representing a 5.25% capitalization rate based on the asking price of $2,342,857 ($184.83 per square foot). The lease includes attractive rental increases of 1.50% annually, commencing in year seven and continuing through six, five-year renewal options. This is a low-maintenance, passive income investment with minimal landlord responsibilities, offering significant long-term value and strong tenant performance. The property boasts 100% occupancy and a single-story building. This is a prime opportunity for investors seeking a stable, high-yield, net-lease investment in a well-established retail location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,085,000
- ML approach
- $2,030,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,268,000
Market price range: $915k - $3.67M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,995,000 Current use
- OFFICE BUILDING
- $2,605,000 Change: +31% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,745,000 Change: -12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Keyport
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.2104
- Latitude
- 40.4279
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
