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    Walgreens Drugstore with NNN Lease
    Updated: Apr 11
    Walgreens Drugstore with NNN Lease

    Cape May, NJ 08204

    Contact for pricing
    Walgreens drugstore at 3221 Bayshore Rd, Lower Township, NJ 08204
    Approximately 3.5 years remain on the lease, followed by three (5‑year) options
    Rent increases to $299,279 on September 8, 2025
    More than 20 years of drugstore operating history
    Fresenius Dialysis Center is directly across the street; Pelican Pointe Nursing Center is 1.5 miles north
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Cape May, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Wildwood Boardwalk Retail Investment
    Wildwood Boardwalk Retail Investment

    3400 Boardwalk, Wildwood, NJ 08260

    $714,000
    692 sqft 1.12 AC lot

    Prime boardwalk retail space with existing lease and high visibility.

    View details
    Renovated NNN Commercial Property
    Renovated NNN Commercial Property

    105111 NE FRONT STREET, Milford, DE 19963

    $1,990,000
    12,422 sqft

    Recently renovated property with two established tenants under NNN lease terms.

    View details
    Warehouse with Roll-Up Loading Doors
    Warehouse with Roll-Up Loading Doors

    113 N WASHINGTON STREET, Milford, DE 19963

    Contact for pricing
    3,840 sqft

    Warehouse with five 10' roll-up doors, one 12' docked roll-up door, 14' ceilings, propane heat, and town water/sewer, NNN.

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    NNN Drug Store with Long-Term Lease
    NNN Drug Store with Long-Term Lease

    5000 Park Blvd, Wildwood, NJ 08260

    Contact for pricing

    Includes a new 15-year NNN lease for Walgreens with 5% rent increases every five years.

    View details

    Cape May, NJ Nnn Properties Market Trends and Statistics

    Explore 1 nnn properties for sale in Cape May, NJ on our real estate platform.

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    Demographics Overview

    Population 17K
    Population Growth (5Y) -9.2%
    Median Household Income $80,782
    College Educated 50.3%

    Taxes & Financing

    Tax Rate (average for all types) 1.30%
    Property Tax per SF $10.94 per SF
    Tax Rate vs County Average 0.33 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cape May County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Featured Cape May Real Estate Agencies

    Realmo connects you with licensed Cape May CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Jersey Cape Realty
    739 Washington Street Cape May, NJ 08204
    Phone: 16098845800
    www.JerseyCapeRealty.com

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