5000 Park Blvd | Wildwood, NJ 08260
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5000 Park Blvd
Wildwood, NJ 08260
Walgreens Drug Stores · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 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
- This Walgreens is located among numerous national retailers including Wawa, TD Bank, McDonalds, & CVS
- Densely populated Beach/Resort community with a population of over 15,000 people and average HH Income of $92,631 within 3 Mile Radius
- Extremely well-performing store with $4.5 million in sales volume
- Located within minutes from these nearby attractions: Water Parks, Piers, Wildwood Crest Beach, & Cape May National Wildlife Refuge
- 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)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.68 AC
Zoning
GC - 730 - Store - Convenience
Parking
48 Spaces (3.67 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 14-00028-0000-00001 | Improvements Assessment | $1,012,500 |
| Land Assessment | $2,587,500 | Total Assessment | $3,535,000 |
PROPERTY TAXES
Parcel Number
14-00028-0000-00001
Land Assessment
$2,587,500
Improvements Assessment
$1,012,500
Total Assessment
$3,535,000
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