3400 Boardwalk Wildwood, NJ 08260
Retail
MLS #: 253064
Courtesy Of DON MARTIN REALTY, INC.
Property InformationDescription
This prime Wildwood Boardwalk unit boasts 16.1 feet of direct boardwalk frontage, offering unmatched visibility in one of the area s busiest and most visited locations, just steps from Mariner s Pier. The property is currently under a $50,000 NNN lease, set to run through 2027 with a five-year extension option, making it a solid investment opportunity. Previously home to a basketball game, this space is now part of Wally s Restaurant. At the current asking price and under the existing lease, the property provides a 7% return for investors. Unit 3K is available for $2,299,000 and generates $155,000 in annual rental income, including $140,000 from the same lease terms with the same tenant and $15,000 from a Coca-Cola lease for the iconic sign, resulting in a 6.74% cap rate.
Features
- Architecture Style: Other
- Building Units: 1
- Cooling System: Central Air
- Cooling System: Wall Unit(s)
- Floors: 1
- MLSID: 253064
MAP & DIRECTIONS
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