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Starbucks Ground Lease 4800 Park Blvd 900 SF Retail Building Wildwood, NJ 08260 $2,337,000 ($2,596.67/SF) 5.35% Cap Rate

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INVESTMENT HIGHLIGHTS

Starbucks assumes all property expenses, creating a truly passive investment
Lease includes 10% rent increases every five years, offering strong rental growth

Lease guaranteed by Starbucks Corporation, a high-credit tenant with an S&P rating of BBB+
10-year initial term with four five-year renewal options

EXECUTIVE SUMMARY

Strategically situated at 4800 Park Blvd, this Starbucks benefits from high exposure at the intersection of Park Blvd and Rio Grande Ave, a key gateway into Wildwood. Located just beyond the George Redding Bridge from the Garden State Parkway, a main access route, providing strong daily visibility and access to regional traffic. Positioned less than a mile from the famous Wildwood Boardwalk, this Starbucks attracts regular foot traffic from the local tourist economy, serving both seasonal visitors and year-round residents. Starbucks holds full responsibility for taxes, insurance, and all maintenance, ensuring a maintenance-free investment for ownership. With traffic counts exceeding 28,000 ADT on nearby Route 47, this location leverages high exposure to consistent vehicular traffic. Starbucks Corporation is a global leader in the coffee industry with a credit rating of BBB+ and extensive worldwide presence, providing stable, reliable rental income.