| 3400 Boardwalk, Wildwood, NJ - 				ACTIVE 
				For Sale: $2,299,000MLS: 253062     Beds: 0     Baths:      Half Baths: 1     Type: Retail     Taxes: $27034.8     DOM: 16
 
		  
		  
		  		  
		    
 
            
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		3400 Boardwalk is located in an area that could be described as the Times Square of the Wildwood Boardwalk, directly across from Mariner   s Pier. The property offers exceptional exposure with 30.9 feet of direct boardwalk frontage and an additional 54.3 feet along Cedar Avenue Boardwalk. The main draw to this investment is the $140,000 NNN lease, which expires in 2027 and includes a five-year extension option.  The property was formerly home to Harry   s Corner and is now occupied by Wally   s Restaurant. The unit also features the iconic Coca-Cola sign, a well-known landmark on the boardwalk that generates an additional $15,000 in annual income through a lease agreement with Coca-Cola.  At the asking price and under the current lease terms with the tenant and Coca-Cola, the property offers an investor a 6.74% return.  Additionally, Unit 3J is available for $714,000 and generates $50,000 in annual rental income under the same lease terms with the same tenant, resulting in a 7% cap rate.		 |  
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              | PROPERTY FEATURES & AMENITIES |  
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			| Heating:No Heating   Cooling:Central Air Conditioning  Cooling:Wall Air Conditioning  City  
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