4118-4120 Boardwalk

Description

4118-4120 Boardwalk — Wildwood, NJ Three separate income streams on the Wildwood Boardwalk. This property produces $135,868 annually across three distinct rental units: the primary boardwalk retail space, a second boardwalk gate, and a standalone building at the rear. Three tenancies, three revenue lines, one parcel — a structure that spreads risk across multiple positions rather than concentrating it in a single storefront. The two boardwalk positions run through January 31, 2031 with annual CPI escalations tied to the Philadelphia–Wilmington–Atlantic City index, so income steps up with inflation rather than sitting flat. The rear building is held year-to-year, giving an incoming owner near-term flexibility on that portion of the asset. That rear structure is where the upside sits. It's a freestanding building currently used for storage — the lowest-value use available to it. The footprint lends itself naturally to a hole-in-the-wall concept: a small-format ice cream window, a trendy coffee shop, a specialty counter with a walk-up service model. These are the formats winning right now in shore markets — low buildout cost, high margin, and an aesthetic that travels on social media. Standalone square footage on a boardwalk parcel is genuinely scarce, and this one is currently earning storage rent. Wildwood's boardwalk draws millions of visitors across a summer season, and frontage here is finite. Rent arrives in four seasonal installments, June through September, matching the operating rhythm of the market. Lease available upon request.