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Informations principales sur l'investissement
- NNN leased to local branch of a global non-profit
- Current rent is approximately 40% below market
- Asbury Park has been a hotbed for investment as home prices have tripled over the past decade
- Property gut renovated for the tenant in 2017
- Nearby development, dining, retail and multifamily generate foot traffic
Résumé analytique
AUCTION OPPORTUNITY- FEBRUARY 9-11, 2026
https://www.acexchange.com/property/12/asbury-park-retail-100-occupied-nnn-lease
1105-1109 Memorial is a ±11,926 SF single-tenant retail asset in the heart of Asbury Park. The Property is fully leased to ReStore - Monmouth County Habitat for Humanity. The lease is NNN. The tenant is a branch of the global non-profit Habitat for Humanity. The tenant operates the Property as ReStore where it accepts donations and sells a diverse inventory of high-quality furniture and home goods.
Less than a block away, Douglas Development Corporation is planning a 126-unit luxury multi-family development. This is part of a greater development trend. Since 2018, more than 1,075 residential units have been delivered or are slated for delivery in Asbury Park while market rent has increased 40%.
Over the past two decades, Asbury Park has ascended into one of New Jersey’s most desirable destinations. Buoyed by a vibrant music and arts scene and a historic influx of new luxury development, the average home price in Asbury Park has tripled over the past ten years (11.6% annual growth). Asbury Park also features a direct train to New York City, top-rated dining and nightlife options, an iconic beachfront boardwalk and access to an assortment of exclusive social clubs.
https://www.acexchange.com/property/12/asbury-park-retail-100-occupied-nnn-lease
1105-1109 Memorial is a ±11,926 SF single-tenant retail asset in the heart of Asbury Park. The Property is fully leased to ReStore - Monmouth County Habitat for Humanity. The lease is NNN. The tenant is a branch of the global non-profit Habitat for Humanity. The tenant operates the Property as ReStore where it accepts donations and sells a diverse inventory of high-quality furniture and home goods.
Less than a block away, Douglas Development Corporation is planning a 126-unit luxury multi-family development. This is part of a greater development trend. Since 2018, more than 1,075 residential units have been delivered or are slated for delivery in Asbury Park while market rent has increased 40%.
Over the past two decades, Asbury Park has ascended into one of New Jersey’s most desirable destinations. Buoyed by a vibrant music and arts scene and a historic influx of new luxury development, the average home price in Asbury Park has tripled over the past ten years (11.6% annual growth). Asbury Park also features a direct train to New York City, top-rated dining and nightlife options, an iconic beachfront boardwalk and access to an assortment of exclusive social clubs.
Informations sur l’immeuble
Type de vente
Investissement
Type de bien
Local commercial
Sous-type de bien
Immeuble de commerce
Surface de l’immeuble
1 108 m²
Classe d’immeuble
C
Année de construction
1975
Occupation
Mono
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,65
Surface du lot
0,17 ha
Zonage
BD - Business District
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Principaux commerces à proximité
Taxes foncières
| Numéro de parcelle | 04-00302-0000-00007-01 | Évaluation des aménagements | 1 048 387 € |
| Évaluation du terrain | 356 624 € | Évaluation totale | 1 405 011 € |
Taxes foncières
Numéro de parcelle
04-00302-0000-00007-01
Évaluation du terrain
356 624 €
Évaluation des aménagements
1 048 387 €
Évaluation totale
1 405 011 €
1 sur 5
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
1105 Memorial Dr
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