| 3400 Boardwalk, Wildwood, NJ - 				ACTIVE 
				For Sale: $714,000MLS: 253064     Beds: 0     
		  
		  Baths:     
		  
		  Half Baths: 1     
		  
		  
		  Type: Retail      Taxes: $12477.6     DOM: 16
 
		  
		  
		  		  
		    
 
 
            
              | 
				
		This prime Wildwood Boardwalk unit boasts 16.1 feet of direct boardwalk frontage, offering unmatched visibility in one of the area   s busiest and most visited locations, just steps from Mariner   s Pier. The property is currently under a $50,000 NNN lease, set to run through 2027 with a five-year extension option, making it a solid investment opportunity.  Previously home to a basketball game, this space is now part of Wally   s Restaurant.  At the current asking price and under the existing lease, the property provides a 7% return for investors.  Unit 3K is available for $2,299,000 and generates $155,000 in annual rental income, including $140,000 from the same lease terms with the same tenant and $15,000 from a Coca-Cola lease for the iconic sign, resulting in a 6.74% cap rate.		 |  
              |  |  
              | PROPERTY FEATURES & AMENITIES |  
              |  |  
              | 
			  	Heating:No Heating   Cooling:Central Air Conditioning  Cooling:Wall Air Conditioning  City  
 |  
        |  |  |