Updated Oct 14, 2026
Lidl Signs Lease For 19,433 Square Feet At Toms River Center In Toms River, NJ
1 Route 37 West
Building Size
19,433 SF
Asset Type
Retail
Closing
Oct 13, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 1 Route 37 West, Toms River, NJ. The total area of the asset is 19,433 square feet, suitable for various retail operations. Lidl has signed a lease for this space, joining other tenants in the Toms River Center, including Kohl’s, Planet Fitness, and Five Below.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1 Route 37 West, Toms River, NJ
- Asset Size: 19,433 SF
- Tenant: Lidl
- Landlord's Representative: Byron Appel - Ashkenazy Acquisitions
- Tenant's Representatives: Mike Testa & Bill Farkas - Catalyst Real Estate Partners
The deal features prominent representatives for both the landlord and tenant. Byron Appel of Ashkenazy Acquisitions represents the landlord, while the tenant, Lidl, is represented by Mike Testa and Bill Farkas from Catalyst Real Estate Partners. The opening date for Lidl has not yet been announced.
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Retail
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Toms River Retail Market Snapshot
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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