$4,500,000 USD
248-702-0288
7780 Wickham Rd N
Melbourne, FL 32940
Suburban Melbourne
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
FOR SALE DETAILS
PRICE
$4,500,000 USD
PRICE/SF
$283 USD /SF
CAP RATE
6.44%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
82
LAND DETAILS
LAND ACRES
2.29 AC
LAND SF
99,752 SF
ZONING
BU-1
APN/PARCEL ID
26-36-11-00-00507.0-0000.00
ASK ABOUT THIS PROPERTY
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248-702-0288
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248-702-0288
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