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:
- Property Type: Retail
- Transaction Amount: Not Specified
- Address: 131-191 Van Zile Road
- Market: Brick, NJ
- Landlord: Carey Tajfel - TFE Properties
- Tenant: Crunch Fitness, Health Village & Bubble Island
- Landlord's Representative: Alana Friedman, Craig Parcells & David Townes - JLL
- Tenant's Representative: Brian Von Schmid - Ripco; Carolyn Sica & Stephen Hanscom - CBRE; EXP Realty
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
Nora Springs 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93