Is The Wildwood Starbucks For Sale?

Is The Wildwood Starbucks For Sale?

A buzz has hit the Wildwoods, and for once, it’s not from your morning cup of Joe!

The Starbucks location at 4800 Park Boulevard is officially up for sale, causing a flurry of confusion on social media.

The announcement sparked a wave of social media chatter, with some locals upset that the beloved coffee shop might close its doors.

Many wondered why a Starbucks, which opened just a year ago, would close its doors so soon.

However, the truth behind the listing is much simpler—and Starbucks fans can breathe easy.

It’s not the Starbucks franchise itself that’s for sale but the physical building it occupies.

This sale falls under a triple net lease arrangement, meaning the tenant (in this case, Starbucks) is responsible for costs like property taxes, insurance, and maintenance in addition to their rent.

The sale of the property doesn’t impact Starbucks’ operation at the location.

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The building at 4800 Park Boulevard is a prime piece of real estate, located at the gateway to the Wildwoods, an area known for its heavy trafficked roads and growing year-round activity.

Selling the property with Starbucks as a tenant offers potential buyers an attractive investment opportunity, as the coffee giant is known for being a reliable long-term tenant.

This is something many different companies do including Wawa. Usually, a developer builds the building after Starbucks or Wawa signs on. They then sell the building at a profit while whoever purchases it gets a guaranteed income. (as what are the chances that Wawa or Starbucks won’t pay their rent)

The LoopNet listing highlights the property’s strong financials and prime location as key selling points.

• Lease guaranteed by Starbucks Corporation, a high-credit tenant with an S&P rating of BBB+
• 10-year initial term with four five-year renewal options
• The lease includes 10% rent increases every five years, offering strong rental growth

Investors may see this as an opportunity to own a highly sought-after commercial asset with steady income potential.

If you’re a Starbucks fan in Wildwood, there’s no need to worry—your favorite coffee shop isn’t closing.

The building’s sale simply reflects the high demand for commercial properties on Rio Grande Ave.

For more details, you can view the listing here. And if you’re in the market for a prime piece of real estate, this could be your chance to invest in the Wildwoods’ thriving commercial scene!

Plus if you need a realtor, I know a guy!

We toured the Starbucks when it opened last year. Check out the tour video below.