Listed by Cushman & Wakefield - Sacramento, California
$2,337,000
Starbucks | Wildwood, NJ
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 900
Cap Rate 5.35%
NOI $125,000
Tenancy Single
Brand/Tenant Starbucks, Dunkin'
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 10/30/2033
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2023
Acreage 0.370
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/21/2023
Ground Lease Yes
Sale Condition 1031 exchange
10-Year Abs NNN Ground Lease | Credit-Rated Tenant
Marketing description
Premium Retail Location: 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
Proximity to Major Traffic Routes: 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
High-Impact Tourism Draw: 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
Absolute NNN Ground Lease: Starbucks holds full responsibility for taxes, insurance, and all maintenance, ensuring a maintenance-free investment for ownership
Substantial Annual Traffic: With traffic counts exceeding 28,000 ADT on nearby Route 47, this location leverages high exposure to consistent vehicular traffic
Strong Tenant Financials: 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
Investment highlights
- New 10-year ground lease to the largest coffeehouse company in the world
- Absolute NNN Ground Lease: Starbucks assumes all property expenses, creating a truly passive investment
- Corporate Guaranty: Lease guaranteed by Starbucks Corporation, a high-credit tenant with an S&P rating of BBB+
- Reliable Income Growth: Lease includes 10% rent increases every five years, offering strong rental growth
- Long Lease Term: 10-year initial term with four five-year renewal options
- Exceptional high-traffic location near major roads
- Prime Visibility: Located at Park Blvd and Rio Grande Ave, near George Redding Bridge-the main entry to Wildwood
- Significant Daily Traffic: Over 28,000 AADT on nearby Route 47 and excellent visibility
- Tourism-Driven Locale: Situated less than a mile from Wildwood Boardwalk, drawing year-round visitors and steady traffic
- Retail Synergy: Proximity to major retailers including McDonald's, CVS, and Walgreens, maximizing consumer draw to the area
- Iconic brand with consistent customer base
- Global Leader: Starbucks operates 35,000+ stores globally, with a strong customer loyalty base
- Investment-Grade Tenant: Starbucks holds an investment-grade credit rating, reflecting strong financial stability
- Proven Demand: Positioned near popular tourist attractions, capturing year-round foot traffic from tourists and locals alike
- Robust economic and demographic fundamentals
- Steady Tourism Economy: Wildwood's economy is bolstered by tourism, drawing millions of visitors each year
- Growing Population: Population within five miles exceeds 23,000, with an average household income of $79,716
- High Income Levels: Average household income within 3 miles is approximately $76,583, contributing to strong consumer spending
- Employment and Retail Growth: The area continues to attract developments in retail and hospitality, supporting sustained demand for local businesses
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo
Valuation Metrics
0
DSCR
5.35%
Cap Rate
5.35%
ROI
Map
Zoning
GC CommercialGeneral CommercialGeneral Commercial
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View all 24 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
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