Absolute NNN Leased
4000 New Jersey Avenue Wildwood, NJ 08260
4000 New Jersey Avenue, Wildwood, NJ, 08260
Contact for pricing
For Sale
Contact for pricing
Single-tenant Dollar General with an absolute triple-net lease and corporate guarantee in Wildwood, New Jersey.
Property Size7,646 SF
Price / SF$303.82
Days on Market24
Property Features for 4000 New Jersey Avenue
General Information
- Standard status
- Active
- Size
- 7,646 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2018
Listing agency
SAB Capital
Listed by
Michael Soleimani · License #NY 10401294940
Source
Crexi
Added: Jun 29 Updated: Jul 21 at 2:07AM Checked: Jul 21 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAB Capital
Investment Insights
Based on property information with market context.
SAB Capital presents an exclusive offering featuring a single-tenant Dollar General leased on an absolute triple-net (NNN) basis. The lease structure includes 7 years remaining on an initial 15-year term, along with 10% increases in each option period, and three 5-year options remaining. The property is further supported by a corporate guarantee.
Located at 4000 New Jersey Avenue in Wildwood, NJ, the asset is described as three miles from the beach and three blocks from the beach, with access and signage called out as strong. The offering notes traffic counts exceeding 10,000 vehicles per day on New Jersey Avenue and highlights nearby national retailers.
Dollar General is identified in the remarks as investment grade, with operations across more than 20,600 stores in 48 states and Mexico, and with $40.6B in net sales in fiscal 2024.
Located at 4000 New Jersey Avenue in Wildwood, NJ, the asset is described as three miles from the beach and three blocks from the beach, with access and signage called out as strong. The offering notes traffic counts exceeding 10,000 vehicles per day on New Jersey Avenue and highlights nearby national retailers.
Dollar General is identified in the remarks as investment grade, with operations across more than 20,600 stores in 48 states and Mexico, and with $40.6B in net sales in fiscal 2024.
Key Highlights
- 2018‑built, single‑tenant Dollar General in Wildwood, NJ with an absolute triple‑net (NNN) lease
- Initial 15‑year lease structure with 7 years remaining and three 5‑year options; 10% increases in each option period
- Absolute NNN lease features a corporate guarantee
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.2k | $21.60 |
| − Vacancy | −$9.9k | −$1.30 |
| EGI | $155.2k | $20.30 |
| − OpEx | −$38.8k | −$5.08 |
| NOI | $116.4k | $15.23 |
7,646 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.46M – $1.94M
NOI $116,433 @ 7.0% cap · market cap 5.01%
Second Best
Retail
$1.27M
$1.11M – $1.48M
NOI $88,632 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,832 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Single-tenant Dollar General with an absolute triple-net lease and corporate guarantee in Wildwood, New Jersey.
Where is this nnn property located?
The property is located at 4000 New Jersey Avenue Wildwood, NJ.
What is the asking price?
The asking price for this property is $2,323,000.
What are key features of this property?
This property features: 2018‑built, single‑tenant Dollar General in Wildwood, NJ with an absolute triple‑net (NNN) lease; Initial 15‑year lease structure with 7 years remaining and three 5‑year options; 10% increases in each option period; Absolute NNN lease features a corporate guarantee
