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984 Boardwalk
Ocean City, NJ 08226

$13,333 USD/MO

Restaurant For Lease • 3,200 SF

Property Details

Property Type Restaurant
Year Built 1932
Total Building Size 8,000 SF
Zoning ON BRDWLK

0 Transit Score

75 Walk Score

1 Space Available

Name

Space Use

Size

Rent

Details

1st Floor Ste 984

Retail

3,200 SF

$50.00 USD/SF/YR

Incredible rare opportunity for Commercial Lease in HEART OF OCEAN CITY'S BOARDWALK, next to the 31 Boardwalk destination of Playland's Castaway Cove. Property features approx 3200 sq ft restaurant/ food service space, 30 ft boardwalk frontage w/loading doc, backdoor delivery, 3 parking spots, plus side exit/entrance Existing tenant operates popular restaurant business & occupies 2 large commercial condos as 1 large unit. New tenant triple-net (NNN) lease is starts at $160K p/year for is 5 or 10 year term w/options to renew, ideally suited for any type of food/beverage-restaurant business. Lease includes optional use of existing older equipment. Depending on lease terms & tenant's fit-out needs, Landlord may be negotiable on cooperating with some Capex allowances. Currently property is tenant occupied w/operational business. Appointment for pre-qualified experienced prospective tenants must be coordinated in advance with listing agent. New lease is subject to tenant's vacancy upon lease expiration.

Date available: Now
Lease term: 5 - 10 Years
Service type: Triple Net
Built out as: Restaurants And Cafes
Space Type: Relet

Description

Incredible rare opportunity for Commercial Lease in HEART OF OCEAN CITY'S BOARDWALK, next to the #1 Boardwalk destination of Playland's Castaway Cove. Property features approx 3200 sq ft restaurant/ food service space, approx 27 ft boardwalk frontage w/loading doc, backdoor delivery, 3 parking spots, plus side exit/entrance Existing tenant operates popular restaurant business & occupies 2 large commercial condos as 1 large unit. New tenant triple-net (NNN) lease is starts at $150K p/year for is 5 or 10 year term w/options to renew, ideally suited for any type of food/beverage-restaurant business. Lease includes optional use of existing older equipment. Depending on lease terms & tenant's fit-out needs, Landlord may be negotiable on cooperating with some Capex allowances. Currently property is tenant occupied w/operational business. Appointment for pre-qualified experienced prospective tenants must be coordinated in advance with listing agent. New lease is subject to tenant's vacancy upon lease expiration.

                
                    Highlights
                
                                Heart of Ocean City Boardwalk
                            
                                Restaurant / Food Service Lease

Amenities

Corner Lot
Restaurant
Security System
Signage
Tenant Controlled HVAC
Waterfront
Accent Lighting
Air Conditioning

Major Tenants

Tenant	SF Occupied	Lease End Date
Kohr Brothers

Public Transportation

Airport	Drive	Walk	Distance
Atlantic City International	47 min	-	18.6 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Spaces Provided:	3
Type:	Reserved
Included in Rent:	Yes

Kristina Doliszny 609-412-5547 Ocean City Real Estate Grp, eXp Realty

984 Boardwalk Ocean City, NJ 08226