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4000 New Jersey Ave
Wildwood, NJ 08260
Dollar General · Retail Property For Sale
Investment Highlights
- 7 Years Remaining on a 15-Year Absolute NNN Lease | Corporate Guaranteed Lease
- Absolute NNN Lease Structure | Zero Landlord Responsibilities
- Strong Area Demographics | Expected High Growth Area
- The lease is corporate signed from Dollar General with Strong Growth and Industry Recognition (NYSE: DG, BBB (S&P), Baa3 (Moody's), $32.2B Market Cap)
- Prime Location in Wildwood, NJ | Central to the Wildwood Boardwalk, Beach, and surrounding Restaurants and Bars
- Strong Area Demographics: ~22,000 Year-Round Residents within a 5-mile radius, that swells to over 250,000 seasonally
Executive Summary
SAB Capital is pleased to present the exclusive offering of a single-tenant, Absolute NNN leased Dollar General located in Wildwood, NJ. This exceptional investment has 7 years remaining on an initial 15-year term along with 10% increases in each option period, with three 5-year options remaining.
Dollar General operates a network of over 20,600 stores across 48 U.S. states and Mexico. With $40.6B in net sales in fiscal 2024, a BBB credit rating from S&P and a Baa3 rating from Moody's, Dollar General is considered an investment grade tenant.
Strategically located in Wildwood, NJ three miles from the beach and in close proximity to other national retailers (Wawa, McDonalds, Starbucks, Dollar Tree, CVS, Walgreens, etc.), the property benefits from superior visibility, signage and access with traffic counts exceeding 10,000 vehicles per day on New Jersey Avenue. The property is located three blocks from the beach and experiences population swells greater than 250,000 during the summer months.
With its strong real estate fundamentals, absolute triple-net lease structure, corporate guarantee and premier location, this offering truly represents a passive, low-risk opportunity.
Dollar General operates a network of over 20,600 stores across 48 U.S. states and Mexico. With $40.6B in net sales in fiscal 2024, a BBB credit rating from S&P and a Baa3 rating from Moody's, Dollar General is considered an investment grade tenant.
Strategically located in Wildwood, NJ three miles from the beach and in close proximity to other national retailers (Wawa, McDonalds, Starbucks, Dollar Tree, CVS, Walgreens, etc.), the property benefits from superior visibility, signage and access with traffic counts exceeding 10,000 vehicles per day on New Jersey Avenue. The property is located three blocks from the beach and experiences population swells greater than 250,000 during the summer months.
With its strong real estate fundamentals, absolute triple-net lease structure, corporate guarantee and premier location, this offering truly represents a passive, low-risk opportunity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,646 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
$2,271,500
Price Per SF
$297.08
Cap Rate
6.75%
NOI
$153,312
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.45 AC
Zoning
GC - General Commercial
Parking
23 Spaces (3.01 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 14-00135-0000-00018 | Improvements Assessment | $392,700 |
| Land Assessment | $504,000 | Total Assessment | $896,700 |
Property Taxes
Parcel Number
14-00135-0000-00018
Land Assessment
$504,000
Improvements Assessment
$392,700
Total Assessment
$896,700
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