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167 New Jersey Ave
Absecon, NJ 08201

$1,180,150 USD

Office For Sale  •  3,000 SF

Property Details

• Property Type Office
• Total Building Size 3,000 SF
• Lot Size 0.36 AC
• Building Class C
• Year Built 1928
• Cap Rate 10.00 %
• Tenancy Multiple
• Zoning C1

60 Transit Score

50 Walk Score

Highlights

High-Yielding Investment – Offered at an attractive 10.00% Year 1 in-place cap rate, the property provides investors with strong current cash flow

Built-In Rental Growth – The lease features 3.00% annual rent escalations, providing predictable income growth, increasing NOI over the lease term

Limited Landlord Responsibilities – Structured as a NN lease, the tenant is responsible for real estate taxes, insurance, utilities, maintenance

Established Multi-State Cannabis Operator – The property is leased to Off The Charts, an experienced cannabis retailer with 38+ locations

Excellent Visibility & Accessibility – The property features dual frontage along New Jersey Avenue and W. Absecon Boulevard (U.S. Route 30)

Strong New Jersey Cannabis Fundamentals – New Jersey remains one of the strongest cannabis markets on the East Coast

Cap Rate:

10.00 %

Amenities

• Central Heating
• High Ceilings
• Natural Light
• Drop Ceiling
• Hardwood Floors
• Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Absecon (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit))	1 min	4 min	0.2 mi
Atlantic City (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit))	15 min	-	7.1 mi
Transit/Subway	Drive	Walk	Distance
Absecon (Atlantic City Line - NJ Transit Commuter Rail (NJ Transit))	1 min	4 min	0.2 mi
Airport	Drive	Walk	Distance
Atlantic City International	33 min	-	11.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	11
Type:	Surface
Included in Rent:	Yes