206 Courthouse Ln

$2,599,000

8,280 sq ft
Year Built: 1953

Property Description

Building is leased to the County of Ocean and used as a courthouse. This asset features an absolute net lease structure, providing investors with steady, predictable income. Situated in the Ocean County Courthouse complex and key municipal offices, this property benefits from a prime, institutional-grade location. Ideal for investors seeking dependable returns with a low-risk profile.
 

Why Invest

  • Government Tenant Stability – County of Ocean is one of the largest and most financially secure employers in the region.
  • Absolute Net Lease – Tenant is responsible for taxes, assessments, utilities, and repairs (structural included), ensuring minimal landlord obligations.
  • Predictable Rent Growth – Annual rent escalations are built into the lease through 2025, with higher rents locked in for extension periods through 2029.
  • Prime Location – Steps from the Ocean County Courthouse and administrative offices, anchoring the tenant’s need to remain in this location.
  • Attractive Yield – Opportunity to acquire at a cap rate range of 6.0%–7.0%, providing steady income and long-term government tenancy security.

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Map & Nearby Places

206 Courthouse Ln
Toms River, NJ 08753