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191 Van Zile Road

Crunch Fitness, Health Village And Bubble Island Lease 40,799 Square Feet In Brick, NJ
LEASEDRetail

Crunch Fitness, Health Village And Bubble Island Lease 40,799 Square Feet In Brick, NJ

191 Van Zile Road

Building Size

40,799 SF

Asset Type

Retail

Closing

Jul 8, 2026

AI

The property asset involved in this transaction is a retail space comprising 40,799 square feet located at 131-191 Van Zile Road in Brick, NJ. The market for this property is identified as Brick, NJ.

Summary of transaction details:

The transaction features Crunch Fitness, Health Village, and Bubble Island, which have signed leases that total 40,799 square feet at The Shops at Brick. Crunch Fitness serves as the anchor tenant with a lease of 25,000 square feet. The leasing activity follows TFE Properties' acquisition and subsequent repositioning of the shopping center, with a strategic focus on increasing traffic through a combination of fitness, healthcare, and family entertainment tenants.

Players

David Townes

JLL

Broker

$7.1M

vol

16 deals

Broker
EXP Realty
EXP RealtyBrokerage
Carey Tajfel

Carey Tajfel

TFE Properties

Landlord

$65.2M

vol

7 deals

Landlord
CF
Crunch FitnessTenant

Nora Springs Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93