S.V.P. Daniel Lanni Arranges Exclusive Sale in Monmouth County
Woodbridge, N.J., February 26, 2026 – The Kislak Company, Inc. announced the recent sale of a downtown retail property that includes a CVS at 7 West Main Street in Freehold, Monmouth County, New Jersey for $1,950,000.
Kislak marketed the property on an exclusive basis with senior vice president Daniel Lanni handling the assignment on behalf of the seller Stone Gable, LLC, and he also procured the purchaser, which was not disclosed.
Mr. Lanni commented, “This sale underscores the sustained investor demand for well-located, necessity-based retail assets in strong downtown corridors. Through strategic positioning of the property and careful navigation of the lease structure and operating expense framework, we procured a qualified buyer and successfully complete the first sale of this CVS-anchored property in more than 30 years.”
CVS recently exercised a five-year lease extension, strengthening the property’s income stability. The second-floor art gallery is currently leased at below-market rents, creating additional upside. Under the existing lease structure, CVS is responsible for most expense and maintenance obligations. This favorable expense structure, combined with embedded rental upside and future redevelopment potential, contributed to the property’s attractive value-add profile.
Situated on a 0.26-acre lot in downtown Freehold, the three-story brick building comprises approximately 13,674 square feet. CVS occupies approximately 9,300 square feet on the ground floor, while an art gallery occupies approximately 2,187 square feet on the second floor. The third floor with approximately 2,187 square feet, remains unfinished and vacant, presenting future value-add potential.
The steel- and wood-framed property is equipped with a sprinkler system, gas-fired hot air heating, and HVAC serving the ground floor. The first floor features plate glass storefront windows, two multi-fixture restrooms, and a rear loading door. The second floor includes one restroom with four fixtures and an additional smaller restroom.
Freehold Township is a township in western Monmouth County and a commercial hub for Central New Jersey and is a suburb of New York City, approximately 38 miles from Manhattan.
Daniel Lanni joined Kislak in 2010 and is consistently among the firm’s leading producers. He specializes in the sale of multifamily and other investment properties in central New Jersey with a particular focus along the Jersey Shore. He was the recipient of the firm’s 2011 Rookie of the Year Award and was promoted to a senior vice president in 2019.
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s thirty-five professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware and Florida.
Now in its 120th year, Kislak was among a select group of firms recognized as a 2024 Power Broker by CoStar Group, Inc. and this was the firm’s 17th consecutive recognition. For the second consecutive year, Kislak was named by NJBIZ as one of its Leaders in Real Estate, Construction and Design in New Jersey.
