4800 Park Blvd - Fast Food FOR SALE


Wildwood, NJ 08260
$2,381,000 USD
415-690-5522
4800 Park Blvd, Wildwood, NJ for Sale
$2,381,000 USD
Fast Food - FOR SALE
1/6
null | 5.25% Cap Rate

4800 Park Blvd
Wildwood, NJ 08260


HIGHLIGHTS

  • Starbucks assumes all property expenses, creating a truly passive investment
  • Lease guaranteed by Starbucks Corporation, a high-credit tenant with an S&P rating of BBB+
  • Lease includes 10% rent increases every five years, offering strong rental growth
  • 10-year initial term with four five-year renewal options

OVERVIEW

Strategically situated at 4800 Park Blvd, this Starbucks benefits from high exposure at the intersection of Park Blvd and Rio Grande Ave, a key gateway into Wildwood. Located just beyond the George Redding Bridge from the Garden State Parkway, a main access route, providing strong daily visibility and access to regional traffic. Positioned less than a mile from the famous Wildwood Boardwalk, this Starbucks attracts regular foot traffic from the local tourist economy, serving both seasonal visitors and year-round residents. Starbucks holds full responsibility for taxes, insurance, and all maintenance, ensuring a maintenance-free investment for ownership. With traffic counts exceeding 28,000 ADT on nearby Route 47, this location leverages high exposure to consistent vehicular traffic. Starbucks Corporation is a global leader in the coffee industry with a credit rating of BBB+ and extensive worldwide presence, providing stable, reliable rental income.

FOR SALE DETAILS

PRICE

$2,381,000 USD

PRICE/SF

$932 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

-

APN/PARCEL ID

14-00047-0000-00009

ASK ABOUT THIS PROPERTY

Vincent AicaleCushman & WakefieldMore Info
415-690-5522

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Vincent AicaleCushman & WakefieldMore Info
415-690-5522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.