Bojangles - Melbourne FL
New Construction | Absolute NNN (Ground Lease) | Corporate | 20 Year Term | 5% Increases Every Five
Marketing description
Introducing a prime investment opportunity in Melbourne, Florida: 5155 N. Wickham Road boasts a single-tenant absolute NNN ground lease with a new construction corporate lease in place. This outparcel to a drive-thru-equipped anchored center features a brand new 20-year lease with established tenant Bojangles, offering 5% rent increases every 5 years and 5 (5-year) extension options. With a Net Operating Income of $170,000 and a 5.00% Cap Rate, this property presents a lucrative investment with a strong tenant covenant. Positioned at a signalized, hard corner intersection within the vibrant Pineda Commons retail development, this property is strategically located near major retailers, including Sprouts and EoS Fitness. With Wickham Road's high retail traffic flow and easy access to I-95, this property benefits from a robust consumer base. Don't miss out on this turnkey investment opportunity with a high-income demographic within a 1-mile radius. Contact us today for more details.
Investment 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
Strong Demographics In 5-mile Trade Area | Six-Figure Incomes
Melbourne, FL - New Multi-Family Developments
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