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7780 Wickham Rd N
Melbourne, FL 32940 Suburban Melbourne

$4,500,000 USD

General Retail For Sale  •  15,922 SF

Property Details

  • Property Type General Retail
  • Total Building Size 15,922 SF
  • Lot Size 2.29 AC
  • Building Class B
  • Year Built 2003
  • Tenancy Single
  • Zoning BU-1
0 Transit Score
62 Walk Score

Highlights

Passive Absolute Net (NNN) Investment - Absolute net lease structure with zero landlord responsibilities is ideal for passive investors
Long-Term Lease Commitment with Corporate Guarantee - Walgreens executed a 15-year lease extension in January 2023
Strong Store Performance - This location reports strong annual store sales, reinforcing Walgreens’ long-term operational success at this site
Prime Retail Location Directly Across from Publix - The property is situated directly across from Publix, Florida’s #1 grocery chain
High-Traffic Corridor - Located along N Wickham Road, a major retail artery with traffic counts exceeding 43,000 VPD within close proximity
Dense and Affluent Trade Area - Over 72,000 residents within a 5-mile radius, with average household incomes exceeding $95,000 within 3–5 miles

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 26 min - 15.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 82
Type: Surface
Included in Rent: Yes
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services