December 22, 2022 – Michael Talbert of Horvath & Tremblay has successfully completed the sale of TD Bank in Toms River, New Jersey. Horvath & Tremblay represented the seller to complete this transaction at a sale price of $3,800,000.
TD Bank is located at 1101 Hooper Avenue in Toms River, New Jersey. The stand-alone building contains 20,888 square feet, including a five-lane drive through on a large 3.11-acre corner parcel of land. TD Bank has been at this location since 2014 and has 11+ years remaining on an Absolute NNN Ground Lease. The lease calls for an attractive 15% in 2029. The property is well located at the signalized intersection of Caudina Avenue and Hooper Avenue, one of the area’s primary commuter corridors and benefits from excellent frontage and visibility with four points of access and a traffic count of 26,000 vehicles per day. The Property is ideally positioned in between the Ocean County Mall and NJ Route 37, the area’s primary commercial corridor. The Property also enjoys convenient access to Toms River North High School and US Route 9.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.