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29852490
29852492

3400 Boardwalk, Wildwood, NJ 08260

Don Martin Realty, Inc
Listed by Don Martin Realty, Inc
$714,000
122 days on market
Updated 46 days ago
Opportunity zone

3400 Boardwalk

Details
Property Type Retail, Land
Sub Type Storefront, Commercial (+1)
Square Footage 692
Net Rentable (SqFt) 3,846
Units 1
Cap Rate 21.36%
NOI $152,500
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 12/14/2027
Remaining Term 1.5
Rent Bumps Yes
Lease Options 5 year option
Pro-Forma Cap Rate 21.36%
Pro-Forma NOI $152,500
Price per SqFt $1,032
Year Built 1978
Zoning BA-1
Lease Commencement 12/15/2022
Occupancy Date 12/15/2021

Retail | 21.36% CAP | 692 SqFt

Marketing description

This prime Wildwood Boardwalk unit boasts 16.1 feet of direct boardwalk frontage, offering unmatched visibility in one of the area’s busiest and most visited locations, just steps from Mariner’s Pier. The property is currently under a $50,000 NNN lease, set to run through 2027 with a five-year extension option, making it a solid investment opportunity. Previously home to a basketball game, this space is now part of Wally’s Restaurant. At the current asking price and under the existing lease, the property provides a 7% return for investors. Unit 3K is available for $2,099,000 and generates $155,000 in annual rental income, including $140,000 from the same lease terms with the same tenant and $15,000 from a Coca-Cola lease for the iconic sign.
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Listing Contacts

Don Martin Realty, Inc
Listed by Don Martin Realty, Inc

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$152,500.00
$12,708.33/mo

Valuation Metrics

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DSCR
21.36%
Cap Rate
21.36%
ROI

Map

Zoning

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BRZ PlannedBoardwalk Redevelopment
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View all 22 uses
View all 22 uses
Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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