The two-acre site — located at the corner of Lacey Road and North Main Street (Route 9) — has in-place approvals for a new retail property of up to 5,000 square feet of retail space. It also has an existing 6,000-square-foot retail bank facility with four drive-through lanes, fully leased to TD Bank.
The Marlboro-based commercial real estate brokerage and advisory firm’s Robert Mackowski will spearhead the retail leasing assignment along with President Jason Pierson.
According to Mackowski, the property’s demographics and strategic location in a strong and well-established retail corridor presents a distinctive opportunity for prospective tenants.
“This first-time-to-market retail pad site is at a major signalized intersection in the heart of a fast-growing Ocean County market,” Mackowski said. “It’s ideally suited for a variety of retail users, and the site offers the flexibility to develop a larger, free-standing building or a smaller building with drive-through capabilities, the latter of which is in very high demand and short supply in the current retail market.”
The site has many potential uses, including as a quick-service restaurant, medical or traditional retail. Just north of the location, there is new development in progress and planned, and this retail pad could further serve that community. The trade area is home to some of the largest names in retailing today, including Starbucks, Chipotle Mexican Grill, Jersey Mike’s Subs, Rite Aid, CityMD, Burger King and others.
The 106 N. Main St. property is located just two miles from the Garden State Parkway, and is adjacent to Forked River Elementary School and the Ocean County Public Library. The site serves a growing residential population of more than 50,000 people within a five-mile radius, and more than 20,000 vehicles pass the property each day.
“One of our niches is consulting on and strategically leasing pad sites and facilitating creative retail leasing options,” Pierson noted. “This is a high-profile location that already sees considerable traffic from the TD Bank branch, so we anticipate it to be a busy retail location.”
JDA Group CEO Gregory Dell’Aquila cited Pierson Commercial’s successful track record in the regional market and significant relationships with prominent national retail brands as keys to this appointment.
“Pierson Commercial brings to this assignment a high level of skill and expertise, and a depth of personnel with a keen understanding of this specific product type and market area,” he said. “We look forward to opening the potential of this location.”