$2,299,000
PRICE
0
BEDROOM(S)
BATHROOM(S)
1
HALF BATH(S)
62
MARKET DAYS
0
Bed(s)
Bath(s)
1
HALF BATH(S)
62
MARKET DAYS
3400 Boardwalk is located in an area that could be described as the Times Square of the Wildwood Boardwalk, directly across from Mariner’s Pier. The property offers exceptional exposure with 30.9 feet of direct boardwalk frontage and an additional 54.3 feet along Cedar Avenue Boardwalk. The main draw to this investment is the $140,000 NNN lease, which expires in 2027 and includes a five-year extension option. The property was formerly home to Harry’s Corner and is now occupied by Wally’s Restaurant. The unit also features the iconic Coca-Cola sign, a well-known landmark on the boardwalk that generates an additional $15,000 in annual income through a lease agreement with Coca-Cola. At the asking price and under the current lease terms with the tenant and Coca-Cola, the property offers an investor a 6.74% return. Additionally, Unit 3J is available for $714,000 and generates $50,000 in annual rental income under the same lease terms with the same tenant, resulting in a 7% cap rate.
- Heating: No Heating
- Cooling: Central Air Conditioning
- Cooling: Wall Air Conditioning
- City
Let Lees Real Estate Agency be your buyer's agent for this listing.
Listing is provided by REALMART REALTY. The data relating to real estate for sale on
this web page appears in part through the Cape May County MLS program, a voluntary
cooperative exchange of property listing data between licensed real estate brokerage
firms in which we participate, and is provided by Cape May County MLS through a
licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and
should be independently verified. All properties are subject to change, withdrawal, or
prior sale.
Let Lees Real Estate Agency be your buyer's agent for this listing.
Listing is provided by REALMART REALTY. The data relating to real estate for sale on
this web page appears in part through the Cape May County MLS program, a voluntary
cooperative exchange of property listing data between licensed real estate brokerage
firms in which we participate, and is provided by Cape May County MLS through a
licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and
should be independently verified. All properties are subject to change, withdrawal, or
prior sale.