facebook


Go ProSubmit a deal
Submit
Home

/

Deals

/

New Jersey

/

Retail

/

Lease

/

11 Kettle Creek Road

Updated Dec 4, 2024

Izzy Lindner Leases Retail Space At 11 Kettle Creek Road To Sofia's Taqueira For $14/ft
LEASEDRetail

Izzy Lindner Leases Retail Space At 11 Kettle Creek Road To Sofia's Taqueira For $14/ft

11 Kettle Creek Road

Building Size

10,000 SF

Asset Type

Retail

Closing

Jul 31, 2024

About this deal

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.

Instagram

On the Map

Open live map

Retail

View full map

Players

Maurice Molcho

Molcho Realty Group

Broker

$20.4M

vol

9 deals

Broker

Toms River Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Deal FAQ

About $14 per square foot for 10,000 square feet (2024).

Visit Ron Molcho to view all their deals.

Browse Toms River retail leases on Traded.

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

More Deals

Nearby Markets