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4999 N Wickham Rd
Melbourne, FL 32940
Chipotle Drive-Thru | New 15-YR NNN Lease · Retail Property For Sale
Investment Highlights
- Trophy “Chipotlane” drive-thru at high-profile signalized intersection (41,000 cars a day) in top Florida growth market (latest prototype on 1.13 AC)
- Rare stand-alone parcel without co-tenancy and tenant use restrictions
- 10% rental increases every 5 years provide income growth and hedge against inflation
- 15-Year Absolute Net lease provides passive ownership and stable cash flow
- Shared traffic signal with regional destinations, Home Depot and Crunch Fitness
- Fee simple ownership allows for depreciation of the building boosting after tax returns
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,351 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.13 AC
Zoning
C2 - Retail Trade
Parking
37 Spaces (15.74 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 26-37-30-00-00514.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,474,860 |
Property Taxes
Parcel Number
26-37-30-00-00514.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,474,860
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