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Bojangles - Melbourne FL 5155 N Wickham Rd 3,138 SF Retail Building Melbourne, FL 32940 $3,400,000 ($1,083.49/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Lease | Corporate Signature | Options To Extend | 5% Rent Bumps | Established Tenant
- 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
- Absolute NNN Ground Lease | Land Ownership | No State Income Tax Zero Landlord Responsibilities
- Melbourne, FL - New Multi-Family Developments
EXECUTIVE SUMMARY
• 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
• 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
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,138 SF
Building Class
C
Year Built
2025
Price
$3,400,000
Price Per SF
$1,083.49
Cap Rate
5%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.08 AC
Zoning
C2 - General Commercial District
Parking
36 Spaces (11.47 Spaces per 1,000 SF Leased)
Frontage
191’ on North Wickham Road
AMENITIES
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
Fifth Third Bank
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Bojangles - Melbourne FL | 5155 N Wickham Rd
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