150 Saint Johns Heritage Pky NW - Fast Food FOR SALE
Palm Bay, FL 32907 |
$2,961,000 USD
954-302-7365
150 Saint Johns Heritage Pky NW
Palm Bay, FL 32907
HIGHLIGHTS
- Corporate Signed Ground Lease | Options To Extend | 10% Rent Increases | Established Operator
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Heritage Square Outparcel (Publix Center) | Surrounding Retailers | Strong Consumer Base | Long-Term Viability Underlying Real Estate
- Palm Bay, FL - New Developments
- Demographics In 5-mile Trade Area | Population Growth
OVERVIEW
• The tenant recently signed a brand new 20-year ground lease with 8 (5-year) options to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option
• McDonald’s is the world’s leading global foodservice retailer with over 43,000 locations in over 100 countries
FOR SALE DETAILS
PRICE
$2,961,000 USD
PRICE/SF
$456 USD /SF
CAP RATE
3.8%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
McDonald's - Palm Bay FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.03 AC
LAND SF
44,867 SF
ZONING
C-2
APN/PARCEL ID
28-36-32-75-00000.0-0001.00
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954-302-7365
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954-302-7365
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