J&J Luxury Coastal Homes
Jacklin Soens (Cell): 609-602-6069     Jody Goodroe (Cell): 609-972-1231 Facebook Instagram

3400 Boardwalk, Wildwood, NJ - ACTIVE

For Sale: $2,299,000
MLS: 253062     Beds: 0     Baths:     Half Baths: 1     Type: Retail     Taxes: $27034.8     DOM: 15

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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.
PROPERTY FEATURES & AMENITIES
  • Heating:No Heating   
  • Cooling:Central Air Conditioning  
  • Cooling:Wall Air Conditioning  
  • City  
PROPERTY MAP & AERIAL VIEW
Last Database Update: 02/13/2023

Request Property Information - 3400 Boardwalk, Wildwood NJ

0 Bedroom(s)   |     Bathroom(s)   |    For Sale: $2,299,000   |    MLS Number: 253062   |    Property Type: Retail
Provided by: J&J Coastal Luxury Homes - www.jjcoastalhomes.com

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Let J&J COASTAL LUXURY HOMES be your buyer's agent for this listing. LISTING IS PROVIDED BY DON MARTIN REALTY, INC. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.
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