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7840-7850 N Wickham Rd
Melbourne, FL 32940 Suburban Melbourne

$2,060,000 USD

Freestanding For Sale  •  3,600 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 3,600 SF
  • Lot Size 0.76 AC
  • Building Class B
  • Year Built 2016
  • Cap Rate 5.29 %
  • Tenancy Single
  • Zoning BU1
0 Transit Score
56 Walk Score

Highlights

RARE Dual-Concept Taco Bell / Pizza Hut Ground Lease
Absolute NNN — Zero Landlord Obligations
10% Rent Increases every 5-years — 5.2± yrs Remaining on 15-year Lease
High Traffic counts on North Wickham Rd — 40,000± vehicles per day
Affluent Location — Avg Household Income within 1-mile is $116,523 and almost $150,000 within 3-miles
Strong & Experienced franchise operator with 150+ Units

Property Flyers

Cap Rate: 5.29 %

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 26 min - 15.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Derrick Schroeder 954-296-6955 Solid Investments
Derrick Schroeder 954-296-6955 Solid Investments