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McDonald's - Palm Bay FL 150 Saint Johns Heritage Pky NW 3,859 SF Retail Building Palm Bay, FL 32907 $2,961,000 ($767.30/SF) 3.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Signed Ground Lease | Options To Extend | 10% Rent Increases | Established Operator
- Heritage Square Outparcel (Publix Center) | Surrounding Retailers | Strong Consumer Base | Long-Term Viability Underlying Real Estate
- Demographics In 5-mile Trade Area | Population Growth
- Absolute NNN Ground Lease | Land Ownership | Zero Landlord Responsibilities
- Palm Bay, FL - New Developments
EXECUTIVE SUMMARY
• The tenant recently signed a brand new 20-year ground lease with 8 (5-year) options to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option
• McDonald’s is the world’s leading global foodservice retailer with over 43,000 locations in over 100 countries
• The lease features 10% rental increases every 5 years and at the beginning of each option
• McDonald’s is the world’s leading global foodservice retailer with over 43,000 locations in over 100 countries
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,859 SF
Building Class
C
Year Built
2025
Price
$2,961,000
Price Per SF
$767.30
Cap Rate
3.80%
NOI
$112,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.22 AC
Zoning
PD - Planned Development
Parking
33 Spaces (8.55 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 28-36-32-75-00000.0-0001.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,170,200 |
PROPERTY TAXES
Parcel Number
28-36-32-75-00000.0-0001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,170,200
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McDonald's - Palm Bay FL | 150 Saint Johns Heritage Pky NW
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