Retail with Drive-Thru and High Visibility | 9 Wrangle Brook Rd
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Retail with Drive-Thru and High Visibility 9 Wrangle Brook Rd
2,000 SF Vacant Retail Building Online Auction Sale Toms River, NJ 08755
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Investment Highlights
- 9 Wrangle Brook Road presents the market with a value-add 2,000-square-foot former bank branch in Toms River, New Jersey.
- Opportunity to acquire an asset that rests on 0.6 acres with flexible, sought-after highway business zoning, which opens a wide range of future uses.
- Less than 2 miles away from Exit 82 of Garden State Parkway, a critical thoroughfare leading directly to Downtown Manhattan.
- Ideal location within the Metropolitan Manhattan Area, fronting Route 37, which sees over 43,000 vehicles per day.
- Key demand drivers in the area include the RWJBH Hospital and national tenants like Walmart Supercenter, Aldi, Dunkin', McDonald's, and Taco Bell.
- Offers a parking ratio of 8.5, which is more than enough for more intensive parking requirements including medical and retail/office space.
Executive Summary
9 Wrangle Brook Road presents the market an excellent opportunity to acquire a prominently positioned former bank branch in Toms River, New Jersey, a bedroom suburb of the New York metropolitan area. The building, which is now vacant, was a former PNC Bank Retail Branch. The property totals 2,000 square feet of space and rests on a 0.6-acre parcel fronting the highly trafficked Route 37. The property offers 17 surface parking spaces with a flexible interior, and two drive-thru service lanes. The parcel is zoned Highway Business (HB), opening up a wide range of potential uses, including general retail, restaurants, or general use for professional office space and services. 9 Wrangle Road is an excellent opportunity for a new owner/user to operate a growing business or for an investor to acquire the asset for its immense lease-up upside.
9 Wrangle Brook Road presents the opportunity to capitalize on robust demographics, large traffic counts, regional connectivity, and surrounding daily needs demand drivers. Toms River is a vibrant waterfront community that offers a scenic suburban community in the Manhattan Metropolitan Area. Demographics surrounding the property include a 5-mile population of over 129,000 people who earn roughly $94,000 per household a year, creating a prime pro-spending environment. In 2023 alone, over $1.6 billion was spent across all sectors, presenting a new business with an excellent foothold to grow. The property's location fronting Route 37, a primary commercial corridor that sees 43,000 vehicles per day, creates a readily available consumer base. Critical daily needs demand drivers in the area include a comprehensive list that features Walmart Supercenter, Aldi, Dunkin', Wawa, and Dollar Tree.
Do not miss this opportunity to acquire a flexibly zoned, drive-thru retail asset ideal for a new owner/user, investor, or developer.
Property tours are available by appointment only. Please contact the broker to schedule.
9 Wrangle Brook Road presents the opportunity to capitalize on robust demographics, large traffic counts, regional connectivity, and surrounding daily needs demand drivers. Toms River is a vibrant waterfront community that offers a scenic suburban community in the Manhattan Metropolitan Area. Demographics surrounding the property include a 5-mile population of over 129,000 people who earn roughly $94,000 per household a year, creating a prime pro-spending environment. In 2023 alone, over $1.6 billion was spent across all sectors, presenting a new business with an excellent foothold to grow. The property's location fronting Route 37, a primary commercial corridor that sees 43,000 vehicles per day, creates a readily available consumer base. Critical daily needs demand drivers in the area include a comprehensive list that features Walmart Supercenter, Aldi, Dunkin', Wawa, and Dollar Tree.
Do not miss this opportunity to acquire a flexibly zoned, drive-thru retail asset ideal for a new owner/user, investor, or developer.
Property tours are available by appointment only. Please contact the broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per SF
New York - NY USA
Market Cap Rate
New York - NY USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Bank
Building Size
2,000 SF
Building Class
B
Year Built
1985
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
0.60 AC
Zoning
HB - Highway Business Zone
Parking
17 Spaces (8.5 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former PNC location with drive thru. Only 2 minutes from GSP on busy RT 37.
| Space | Size | Space Use | Position | Available |
| Ground | 2,000 SF | Retail | In-Line | Now |
Ground
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Ground
| Size | 2,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former PNC location with drive thru. Only 2 minutes from GSP on busy RT 37.
About Ocean County
Ocean County, New Jersey, is a beach- and bayfront community on the Jersey Shore, with picturesque towns, a highly educated population, and many summer vacation homes. The town offers direct transit to Midtown Manhattan via the Port Authority Bus Terminal. Toms River Festival brings many visitors from outside the area in summer.
Many major retail tenants are located here, including Macy’s, Home Depot, Boscov’s, and other national retailers. A growing population of more than 650,000 residents has supported businesses here, and vacancy levels are relatively low.
Ocean County is one of the fastest-growing counties in all of New Jersey. Increasing apartment construction has occurred in Ocean County in recent years to support this growing population.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
6,940
57,574
124,470
2020 Population
7,107
58,955
129,270
2029 Population
7,337
60,872
131,261
2024-2029 Projected Population Growth
5.7%
5.7%
5.5%
Daytime Employees
5,589
32,046
49,756
Total Businesses
1,269
3,929
6,346
Average Household Income
$82,920
$83,030
$93,395
Median Household Income
$55,505
$58,182
$67,037
Total Consumer Spending
$89.9M
$733.9M
$1.6B
Median Age
57.1
52.5
47.6
2024 Households
3,130
25,184
50,709
Percent College Degree or Above
17%
16%
18%
Average Home Value
$241,472
$263,165
$300,310
$ values in USD
PROPERTY TAXES
| Parcel Number | 08-00507-52-00015 | Improvements Assessment | $259,968 CAD |
| Land Assessment | $355,464 CAD | Total Assessment | $615,432 CAD |
PROPERTY TAXES
Parcel Number
08-00507-52-00015
Land Assessment
$355,464 CAD
Improvements Assessment
$259,968 CAD
Total Assessment
$615,432 CAD
Sale Advisors
Sale Advisors
Seth Goldberg, Associate
(201) 742-6123
Contact
Seth Goldberg is a member of the Cafiero Team at Marcus and Millichap, in the New Jersey office. Seth is a specialist in exclusively representing both sellers and buyers of retail shopping centers, and single tenant-net leased retail properties in Monmouth and Ocean Counties New Jersey. Using his expertise of the market, paired with a client forward advisory approach, Seth seamlessly guides his clients through the sale or purchase of their investment properties, consistent with their financial goals. Seth is extremely focused on providing his clients with the greatest level of service, while sticking to the firms’ mission of creating and preserving wealth for his clients.
Seth graduated from Rutgers University with a Bachelor of Arts degree in Economics and a Minor in Entrepreneurship. He is a member of Marcus and Millichap’s National Retail Group (NRG) and the International Council of Shopping Centers (ICSC).
Seth graduated from Rutgers University with a Bachelor of Arts degree in Economics and a Minor in Entrepreneurship. He is a member of Marcus and Millichap’s National Retail Group (NRG) and the International Council of Shopping Centers (ICSC).
Brent Hyldahl, First Vice President Investments
(201) 742-6116
Contact
Brent Hyldahl is a retail, medical/office, mixed-use, industrial and net-lease specialist with Marcus & Millichap. Brent exclusively represents buyers and sellers of investment properties throughout the region, and acts in accord with the company-wide mission to help clients create and preserve wealth by providing the best real estate investment sales, financing, research and advisory services available. He works with both sell-side and buy-side clients, representing 1031 exchange buyers, private investors, and private owners.
Alan Cafiero, Senior Managing Director Investments
(201) 742-6118
Contact
Alan Cafiero leads the largest team of investment sales agents in the New Jersey Marcus & Millichap office who focus on representing owners and developers in the disposition of commercial real estate assets. Alan specializes in selling net lease properties, retail shopping centers, office and industrial properties in New Jersey and the Northeast. After 14+ years in the business, Alan has closed over 450 transactions totaling over $1.6 Billion of real estate.
Alan graduated from Seton Hall University in 2004 with a B.S. in Business Administration, with a concentration in Finance and Sports Management.
Alan and Ben are the top performing team for Marcus & Millichap in New Jersey. Alan has received Sales Recognition Awards each year from 2011 – 2021, the National Achievement Award each year from 2015 – 2021, and received the Chairman's Club Award in 2021. Alan has twice been named to Mid-Atlantic Real Estate Journal’s Top 40 under 40. Alan is a member of the International Council of Shopping Centers and NAIOP.
Alan graduated from Seton Hall University in 2004 with a B.S. in Business Administration, with a concentration in Finance and Sports Management.
Alan and Ben are the top performing team for Marcus & Millichap in New Jersey. Alan has received Sales Recognition Awards each year from 2011 – 2021, the National Achievement Award each year from 2015 – 2021, and received the Chairman's Club Award in 2021. Alan has twice been named to Mid-Atlantic Real Estate Journal’s Top 40 under 40. Alan is a member of the International Council of Shopping Centers and NAIOP.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Amen Almukhtar
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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Seth Goldberg -
Brent Hyldahl -
Alan Cafiero -
Marcus & Millichap
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Retail with Drive-Thru and High Visibility | 9 Wrangle Brook Rd
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