Courtesy: KELLER WILLIAMS REALTY JERSEY SHORE-Ocean City
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.
575700
Retail, 2 Story
Cape May
Public
2
Public Sewer
1 Total
Interior Features
- Cooling
- Central Air, Ceiling Fan(s)
- Heating
- Gas Heat. Forced Air.
- Basement
- Crawl Space
- Security
- Security System
Exterior / Lot Features
- Additional Exterior/Lot Features
- Corner Lot, Waterfront.
Community Features
- Security Features
- Security System
- Complex Features
- Security System
Financial Considerations
$1
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