8550 Napolo Dr - Restaurant FOR SALE


Melbourne, FL 32940
$5,430,000 USD
321-956-5006
8550 Napolo Dr, Melbourne, FL for Sale
$5,430,000 USD
Restaurant - FOR SALE
1/19
null | 6.41% Cap Rate

8550 Napolo Dr
Melbourne, FL 32940


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!

FOR SALE DETAILS

PRICE

$5,430,000 USD

PRICE/SF

$725 USD /SF

CAP RATE

6.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN - 6.41% Cap Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

PUD

APN/PARCEL ID

26-36-09-VH-0000A.0-0001.03

ASK ABOUT THIS PROPERTY

Karen D'AlbertoRealty World Curri CommercialMore Info
321-956-5006

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Karen D'AlbertoRealty World Curri CommercialMore Info
321-956-5006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.