Toms River, NJ - Dunkin'
$1,439,000
146 Nj 37, Toms River, NJ 08753
4.75
Cap Rate
68,344
NOI
Details:
Description:
• The tenant recently agreed to a new lease extension through July 31, 2046, with three (3) 5-year renewal options
• Dunkin’ has leased this site since 1969 and has extended its tenancy five times since 2002, demonstrating its commitment to the location
• The lease features below market rent with 12.5% rent increases every 5 years throughout the base term and option periods
• The lease is signed by DB Real Estate Assets I LLC, a Dunkin’ corporate real estate subsidiary
• Top-performing store, ranking in the 79th percentile nationally and 84th percentile in New Jersey among Dunkin’ stores by visits
• Situated in a dense retail corridor alongside numerous national brands and shopping centers, including Crossroads Center (3.4M annual visits) and The Toms River Center (2.5M annual visits)
• Near regional retail destinations such as Ocean County Mall (5.5M annual visits), Commons at Hooper (3.1M annual visits), and Seacourt Pavilion (2.4M annual visits)
• Strong retail presence drives consistent consumer traffic and promotes cross-shopping to the subject site
Location
Gallery