NNN Drug Store with Long-Term
For Sale
Contact for pricing
5000 Park Blvd, Wildwood, NJ 08260
Includes a new 15-year NNN lease for Walgreens with 5% rent increases every five years.
Property SizeContact for details
Days on Market123
Property Features for 5000 Park Blvd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Stream Capital Partners
(503) 853-6108
Listed By:
Phil DiGennaro · License #CT RES.0804114
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 2:52PM
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 Stream Capital Partners
Investment Insights
Based on property information with market context.
This property is a Walgreens drug store on a triple-net (NNN) structure, with a newly signed 15-year lease in place. The lease features rent increases of 5% every five years throughout the full term.
Located at 5000 Park Blvd in Wildwood, NJ 08260, the asset is positioned for an investor seeking a long-duration, NNN-backed income stream.
The lease terms are the primary takeaway for underwriting, with scheduled, periodic rent escalations during the 15-year period.
Located at 5000 Park Blvd in Wildwood, NJ 08260, the asset is positioned for an investor seeking a long-duration, NNN-backed income stream.
The lease terms are the primary takeaway for underwriting, with scheduled, periodic rent escalations during the 15-year period.
Key Highlights
- New 15‑year NNN lease with Walgreens
- Lease includes 5% rent increases every five years throughout the entire term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,629
Businesses Nearby
88k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 20%
Groceries 3%
Home Improvements & Furnishings 2%
Wawa
Shops & Services
30,305 visits/mo
0.4 miles
Wawa
Shops & Services
11,860 visits/mo
0.4 miles
McDonald's
Dining
11,306 visits/mo
0.4 miles
Sinclair
Shops & Services
6,585 visits/mo
0.3 miles
Starbucks
Dining
5,555 visits/mo
0.3 miles
Demographics for 08260, NJ
12,964
Population
23,076
Households
0.6
Avg Household Size
53
Median Age
28%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
815
Density / Sq Mi
$71,549
Median Household Income
$40,361
Median Earnings
$1,182
Median Rent
$441,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- CVS Pharmacy — 5100 Park Blvd, Wildwood, NJ 08260
- Walgreens Pharmacy — 5000 Park Blvd, Wildwood, NJ 08260
- Julia Macneill — 5000 Park Blvd, Wildwood, NJ 082601428
- COVID-19 Drive-Thru Testing at Walgreens — 5000 Park Blvd, Wildwood, NJ 08260
- CVS — 5100 Park Blvd, Wildwood, NJ 08260
Frequently Asked Questions
What type of property is this?
Drug store - Includes a new 15-year NNN lease for Walgreens with 5% rent increases every five years.
Where is this drug store located?
The property is located at 5000 Park Blvd Wildwood, NJ.
What are key features of this property?
This property features: New 15‑year NNN lease with Walgreens; Lease includes 5% rent increases every five years throughout the entire term
