7840-7850 N Wickham Rd - Freestanding FOR SALE


Melbourne, FL 32940- Suburban Melbourne
$2,060,000 USD
954-296-6955
7840-7850 N Wickham Rd, Melbourne, FL for Sale
$2,060,000 USD
Freestanding - FOR SALE
1/12
null | 5.29% Cap Rate

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


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

OVERVIEW

Solid Investments is pleased to offer for sale the opportunity to acquire an established absolute NNN Taco Bell / Pizza Hut Ground Lease located in Melbourne, FL. There are 5.2± years left on the 15-year lease with 10% rental increases every 5-years. The property was built in 2016 and features a 3,600± SF dual-brand prototype on 0.76± acres along busy North Wickham Road, a primary retail corridor in Melbourne. The lease is absolute net, with the tenant responsible for all expenses, including roof and structure. There are zero landlord obligations. The site benefits from excellent visibility and high traffic counts of 40,000± VPD along N Wickham Rd with strong surrounding retail - including Walmart Supercenter, Publix, Target, Walgreens, Kohl’s and CVS. Located just minutes from I-95, the property draws from a dense trade area serving Melbourne’s growing residential and employment base. Taco Bell Corporation currently operates approximately 8,100 units in the United States, underscoring the strong national presence of the brand. Pizza Hut likewise maintains a substantial global footprint, with more than 6,700 US restaurants and over 16,000 locations worldwide across more than 100 countries. Bravo Foods, LLC operates approximately 35 Taco Bell locations across the Orlando metro and Southeast region and serves as the lease guarantor. Its parent company, Celebration Restaurant Group, is one of the largest Yum! Brands franchisees, operating more than 150 restaurants across multiple states — including the 35 Taco Bell locations and 93 Pizza Hut restaurants under affiliated entities.

FOR SALE DETAILS

PRICE

$2,060,000 USD

PRICE/SF

$572 USD /SF

CAP RATE

5.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Taco Bell/Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

BU1

APN/PARCEL ID

26-36-11-00-00504.0-0000.00

ASK ABOUT THIS PROPERTY

Derrick SchroederSolid InvestmentsMore Info
954-296-6955

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Derrick SchroederSolid InvestmentsMore Info
954-296-6955

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.