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1820 Lanes Mill Road
Brick Township, NJ 08724
Asking Price
$7.30M
Cap Rate
4.93%
Asset Type
Retail
Class
Class B
What's Special
100% Leased 8 Unit Retail Strip Center <p><strong>Investment Opportunity – Stabilized Retail Asset in Prime Brick, NJ Corridor</strong></p><p>Positioned along the highly trafficked corridor of 1820 Lanes Mills Rd, this ±17,500 SF multi-tenant retail property presents a compelling investment opportunity in one of Ocean County’s most active commercial markets.</p><p></p><p>The asset features a diverse tenant mix generating approximately $452,656 in annual gross income, with a net operating income of $359,996. The property offers stable
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NOI
$80,000
Cap Rate
1.10%
DSCR
0.18
Underwater
Cash-on-Cash
-16.14%
Monthly Payment
$36,116.417
Annual Cash Flow
$-353,397.004
