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Restaurant

New 10-Year Starbucks Ground Lease Drive/Thru

4800 Park Blvd, Wildwood, NJ 08260

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
9.9
Gross SF
1,150
Guarantor
Corporate Guarantee
Rentable SF
1,150
Price/Gross SF
$2,173.91
Lease Type
Ground Lease
Rent Per Square Feet
$108.70

Investment Overview

Marcus & Millichap is pleased to exclusively present 4800 Park Boulevard, Wildwood, Cape May County, New Jersey.

Investment Highlights

  • Tremendous Visibility at the Signalized Intersection of Park Boulevard and Rio Grand Avenue
  • 10-Year Initial Term Lease with 10% Rent Increases Every Five Years
  • Located Directly Across from Other National Tenants McDonald's, Wawa, TD Bank, Walgreens, CVS, and Sherwin Williams

Exclusively Listed By

Restaurant

New 10-Year Starbucks Ground Lease Drive/Thru

Listing Price: $2,500,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
9.9
Gross SF
1,150
Guarantor
Corporate Guarantee
Rentable SF
1,150
Price/Gross SF
$2,173.91
Lease Type
Ground Lease
Rent Per Square Feet
$108.70

Investment Highlights

  • Tremendous Visibility at the Signalized Intersection of Park Boulevard and Rio Grand Avenue
  • 10-Year Initial Term Lease with 10% Rent Increases Every Five Years
  • Located Directly Across from Other National Tenants McDonald's, Wawa, TD Bank, Walgreens, CVS, and Sherwin Williams

Investment Overview

Marcus & Millichap is pleased to exclusively present 4800 Park Boulevard, Wildwood, Cape May County, New Jersey.

Exclusively Listed By

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