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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

$14

$14/SF

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.

On the Map

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$14

$14/SF

Retail

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Players

Maurice Molcho

Molcho Realty Group

Broker

$15.2M

vol

8 deals

Broker

Toms River Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $14 per square foot on a published $14 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

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