Taco Bell Absolute NNN
For Sale
Contact for pricing
2424 North Wickham Road, Melbourne, FL 32935
Absolute NNN lease with corporate guaranty, 1.5% annual increases, and a complete interior/exterior remodel in 2016.
Property SizeContact for details
Days on Market122
Property Features for 2424 North Wickham Road
General Information
Standard status
Active
Property subtype
Retail
Lease Type
NNN
Site & Location
Traffic Count
39,350 vehicles/day
Highway Access
Yes
Additional Details
Lease Term
240 months
Building Details
Year Renovated
2016
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3100
Listed By:
Phil Sambazis · License #01474991
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 3:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This Taco Bell absolute NNN restaurant investment features a 20-year lease with 1.5% annual increases and a corporate guaranty from one of the largest Taco Bell franchisees with 33 locations. The property underwent a complete interior and exterior remodel in 2016.
Located at 2424 North Wickham Road in Melbourne, the site is highly visible to approximately 39,350 cars per day and sits just east of I-95. It is adjacent to a Publix-anchored shopping center and across from a new LA Fitness. The area also includes nearby Eastern Florida State College, Florida Tech, several K-12 schools, and Mallard Landing Golf Course, which serves over 100,000 golfers per year.
For additional nearby demand drivers, the remarks cite Wuesthoff Medical Center in close proximity, along with an estimated 45,519 employees within a 5-mile radius and a growing trade area population with average household income exceeding $60,000 within 1, 3, and 5 miles.
Located at 2424 North Wickham Road in Melbourne, the site is highly visible to approximately 39,350 cars per day and sits just east of I-95. It is adjacent to a Publix-anchored shopping center and across from a new LA Fitness. The area also includes nearby Eastern Florida State College, Florida Tech, several K-12 schools, and Mallard Landing Golf Course, which serves over 100,000 golfers per year.
For additional nearby demand drivers, the remarks cite Wuesthoff Medical Center in close proximity, along with an estimated 45,519 employees within a 5-mile radius and a growing trade area population with average household income exceeding $60,000 within 1, 3, and 5 miles.
Key Highlights
- Absolute NNN lease with corporate guaranty from a Taco Bell franchisee with 33 locations
- 20‑year lease term with 1.5% annual increases
- Complete interior/exterior remodel completed in 2016
Property Analytics
Current Use
Lease Details
39,350 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
184k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 23%
Groceries 21%
Home Improvements & Furnishings 2%
Publix
Groceries
39,409 visits/mo
0.2 miles
Burger King
Dining
15,413 visits/mo
0.1 miles
Taco Bell
Dining
15,328 visits/mo
0.1 miles
Krispy Kreme Doughnuts
Dining
14,995 visits/mo
0.5 miles
Circle K
Shops & Services
13,069 visits/mo
0.1 miles
Demographics for 32935, FL
41,837
Population
20,338
Households
2.1
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
3,194
Density / Sq Mi
$63,841
Median Household Income
$38,094
Median Earnings
$1,404
Median Rent
$240,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease with corporate guaranty, 1.5% annual increases, and a complete interior/exterior remodel in 2016.
Where is this nnn property located?
The property is located at 2424 North Wickham Road Melbourne, FL.
What are key features of this property?
This property features: Absolute NNN lease with corporate guaranty from a Taco Bell franchisee with 33 locations; 20‑year lease term with 1.5% annual increases; Complete interior/exterior remodel completed in 2016
