SEC. N. Wickham Rd and Business Center blvd - Restaurant FOR SALE
Melbourne, FL 32940 |
$3,400,000 USD
954-302-7365
SEC. N. Wickham Rd and Business Center blvd
Melbourne, FL 32940
HIGHLIGHTS
- Brand New 20-Year Lease | Corporate Signature | Options To Extend | 5% Rent Bumps | Established Tenant
- Absolute NNN Ground Lease | Land Ownership | No State Income Tax Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Part of Larger Center |EoS Fitness & Sprouts (Anchor Tenants) | I-95 | 5 Miles From Viera
- Melbourne, FL - New Multi-Family Developments
- Strong Demographics In 5-mile Trade Area | Six-Figure Incomes
OVERVIEW
• Brand new 20-year lease with 5 (5-year) options to extend
• The lease feature 5% rent increases every 5 years throughout the initial term and at the beginning of each option
• Founded in 1977 as a single location in Charlotte, the beloved brand has grown to more than 851 company-owned and franchised restaurants in 18 states
FOR SALE DETAILS
PRICE
$3,400,000 USD
PRICE/SF
$1,083 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Bojangles - Melbourne FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
36
LAND DETAILS
LAND ACRES
1.08 AC
LAND SF
47,045 SF
ZONING
C2
APN/PARCEL ID
26-37-30-50-00000.0-0001.01
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954-302-7365
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954-302-7365
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