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.
New 10-Year Starbucks Ground Lease Drive/Thru
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
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
