Izzy Lindner Leases Retail Space At 11 Kettle Creek Road To Sofia's Taqueira For $14/ft
11 Kettle Creek Road
$14
$14/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jul 31, 2024
AI
The retail asset located at 11 Kettle Creek Road in Toms River features a 10,000 square foot space leased to Sofia's Taqueira, a business operated by Bread Butter Hospitality. The asking rent for this location was set at $14 per square foot. The lease agreement includes a 15-year term with an option to renew and is classified as a NNN lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14/ft
- Address: 11 Kettle Creek Road
- Market: Toms River
- Lease Term: 15 Year Lease + Option to renew
- Lease Type: NNN Lease
- Landlord: Izzy Lindner
- Tenant: Sofia's Taqueira - Bread Butter Hospitality
- Tenant's Representative: Maurice Molcho & Ron Molcho - Molcho Realty Group
- Square Footage: 10,000
Molcho Realty Group, represented by Maurice Molcho and Ron Molcho, is coordinating this lease deal. They are also actively seeking additional second-generation restaurant opportunities and pad sites of at least 6,000 square feet. Interested parties are encouraged to direct message Moe Molcho for potential opportunities.
Players
Toms River Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1133071.43%
Cash-on-Cash
-323835.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93