NNN Fifth Third Bank - Melbourne FL
New Construction | Absolute NNN (Ground Lease) | Corporate 20 Year Lease | 10% Increases Every Five
Marketing description
Introducing an exciting investment opportunity! Located at 5585 N. Wickham Road in Melbourne, Florida, this ground-leased property features a brand-new construction boasting an average household income of $154,000 within a 1-mile radius. The outparcel to a drive-thru equipped anchored center offers a single-tenant absolute NNN lease with Fifth Third Bank, a corporate guarantor with a prime credit rating of S&P: A-. With a 20-year lease term and 10% rent increases every 5 years, this property provides a secure income stream for investors. Don't miss out on this management-free investment in a desirable location that is ideal for out-of-state passive investors. Plus, benefit from zero landlord responsibilities and no state income tax. Join the growth in Melbourne with new multi-family developments like Madison Midtown and The Yard Melbourne just a stone's throw away. Contact us now to seize this lucrative opportunity before it's gone!
Investment highlights
Brand New 20-Year Lease | Investment Grade Tenant (S&P: A-) | 10% Rental Increases | Options To Extend
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
Madison Midtown: A 240-unit upscale apartment community will replace the former Sears, featuring granite countertops, stainless interiors, a resort-style pool, and dog park
The Yard Melbourne: Plans call for 245 urban apartments near historic downtown within walking distance of the Intracoastal Waterway
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