5000 Park Blvd, Wildwood, NJ
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
Renewal Options:
12, 5 year options
Building Sq. Ft.:
13,094 SF
Rent Increases:
5% every 5 years including options
Site Size:
1.68 Acres

Investment Highlights

  • COMMITMENT: Walgreens just signed a new 15 year NNN lease with extremely rare 5% rent increases every 5 years throughout the entire term of the lease
  • PROFITABLE STORE: Extremely well-performing store with $4.5 million in sales volume
  • DENSE RETAIL COORIDOR: This Walgreens is located among numerous national retailers including Wawa, TD Bank, McDonalds, & CVS
  • IRREPLACEABLE LOCATION: Located within minutes from these nearby attractions: Water Parks, Piers, Wildwood Crest Beach, & Cape May National Wildlife Refuge
  • DEMOGRAPHICS: Densely populated Beach/Resort community with a population of over 15,000 people and average HH Income of $92,631 within 3 Mile Radius
  • SITE SIZE: Property sits on a highly desirable 1.68 AC parcel, covering an entire city block; frontage on three major streets (Park Blvd, Learning Ave, Hand Ave)
  • HIGH VISIBILITY STORE: One street over from W Rio Grand Avenue – One of only three access points of entry to Wildwood
  • TOURIST DESTINATION: 25 Hotels within walking distance of this location (95+ Hotels and Resorts on the Island with over 8,000 rooms)

Listing Agents

phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Taylor Trepinski

Vice President
786 684 1975
[email protected]
John Woodcock Stream Capital Partners

John Woodcock

Vice President
503 853 6108
[email protected]

Broker of Record: Mike Antonoplos, Lic. #NJ – 8132327

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