8550 Napolo Dr, Melbourne, FL 32940

7,489 SF | Retail Building | Melbourne, FL 32940 | $5,430,000 ($725/SF) | 6.41% Cap Rate

For Sale

Active

19 pictures

Asking Price $5,430,000

Property Type: Retail, Restaurant
Square Feet: 7,489 SF
Price / Square Foot: $725

Listing Contacts

Karen D'Alberto

Property Info

Property Overview

Curri Commercial LLC is pleased to offer the opportunity to acquire an absolute NNN, freestanding investment property located in thriving Viera (Melbourne), Florida. The tenant, Walk-On's Sports Bistreaux, was named Entrepreneur's #1 "Top New & Emerging Franchises" in 2020 with 66 locations across 13 States and 11 coming soon. YR 1 NOI = $348,000. Terms include: 10-year initial lease, 5% increases every 5 years, two 5-year options to renew at 5% every 5 years, $29,000 monthly, and property taxes, insurance, repairs and maintenance, common area maintenance, roof and structure all Tenant responsibility. This 6.41% cap investment, high volume Tenant, ideally located in the 13th ranked Master-Planned Community in the US with 58% population growth since 2010, is truly one you do not want to miss!

Property Details

Class: B
Year Built: 2021
Stories: 1
Lot Size (sq. ft): 117,176 SF

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