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

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LEASED
$14

New Jersey

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Retail10,000 SF
Leased 07/31/2024
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LEASED

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

11 Kettle Creek Road

See Similar Deals
Retail10,000 SF
Leased 07/31/2024
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$14
Total Square Footage:10,000 SF
Transaction Type:Lease

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

Maurice Molcho
8 deals$15.2M volume
BROKER

Ron Molcho
Molcho Realty Group
7 deals$15.2M volume
BROKER

Details

LEASED
IMAGE: Maurice Molcho & Ron Molcho DATE: 07/31/2024 ADDRESS: 11 Kettle Creek Road MARKET: Toms River ASSET TYPE: Retail LANDLORD: Izzy Lindner TENANT: Sofia's Taqueira - Bread Butter Hospitality TENANT'S REP: Maurice Molcho (@Sell.Moe.Homes) & Ron Molcho - Molcho Realty Group (@MolchoRealtyGroup) ASKING RENT: $14/ft ~ SF: 10,000 LEASE TERM: 15 Year Lease + Option to renew LEASE TYPE: NNN Lease NOTE FROM BROKERS: Molcho Realty Group and Bread & Butter Hospitality are actively seeking 2nd generation restaurants and pad sites 6,000+sqft. DM all opportunities to Moe Molcho @Sell.Moe.Homes

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Deal Type
Effective Rent (Annual)

$160,494.31

Total Lease Value

$1,604,943.10

Net Landlord Cash Flow$160,494.31