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1 Route 37 West

Updated Oct 14, 2026

Lidl Signs Lease For 19,433 Square Feet At Toms River Center In Toms River, NJ
LEASEDRetail

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:

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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Players

William Farkas

Catalyst Real Estate Partners

Broker

$42.9M

vol

10 deals

Broker
L
LidlTenant

Toms River 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

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