Restaurant with Absolute NNN
3001 W Eau Gallie Blvd., Melbourne, FL 32934
For Sale
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Applebee’s occupies a signalized corner outparcel in Melbourne Village Plaza.
Property Size6,198 SF
Lot Size1.94 Acres
Price / SF$543.40
Days on Market28
Property Features for 3001 W Eau Gallie Blvd.
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Listing Agency:
HMX Realty Advisors
Listed By:
Andrew Greenberg · License #NY 10401235016
(619) 231-1505
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 4:24PM
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 HMX Realty Advisors
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Investment Insights
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The 6,198-square-foot Applebee’s Grill + Bar sits on approximately 1.94 acres in Melbourne, Florida. The restaurant is leased on an absolute NNN basis, with the current term running through May 2032 and six five-year renewal options. Contractual rent increases are 1% annually during the primary term. The tenant is Applebee’s Restaurants Mid-Atlantic, LLC, a subsidiary of Dine Brands Global, Inc.
The property occupies an outparcel at the signalized intersection of W. Eau Gallie Boulevard (SR-518) and N. Wickham Road, within Melbourne Village Plaza. Combined traffic on the two roads is approximately 59,500 vehicles per day: about 34,000 on N. Wickham Road and 25,500 on W. Eau Gallie Boulevard. Walmart, ALDI, Walgreens, Dollar Tree and Staples are among the nearby retailers. Interstate 95 is approximately 2 miles away, and Melbourne Orlando International Airport is approximately 2.5 miles away.
The property occupies an outparcel at the signalized intersection of W. Eau Gallie Boulevard (SR-518) and N. Wickham Road, within Melbourne Village Plaza. Combined traffic on the two roads is approximately 59,500 vehicles per day: about 34,000 on N. Wickham Road and 25,500 on W. Eau Gallie Boulevard. Walmart, ALDI, Walgreens, Dollar Tree and Staples are among the nearby retailers. Interstate 95 is approximately 2 miles away, and Melbourne Orlando International Airport is approximately 2.5 miles away.
Key Highlights
- 6,198‑square‑foot Applebee’s restaurant on approximately 1.94 acres
- Absolute NNN lease; primary term extends through May 2032
- Six five‑year renewal options and 1% annual rent increases during the primary term
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
304k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Dining 27%
Shops & Services 19%
Groceries 7%
Walmart
Superstores
104,201 visits/mo
0.4 miles
Aldi
Groceries
19,886 visits/mo
0.2 miles
Old Time Pottery
Home Improvements & Furnishings
18,430 visits/mo
0.1 miles
Wendy's
Dining
15,550 visits/mo
0.3 miles
Murphy USA
Shops & Services
14,891 visits/mo
0.4 miles
Demographics for 32934, FL
18,355
Population
7,987
Households
2.3
Avg Household Size
51
Median Age
42%
College-Educated
94%
High-School Grad
22.9 sq mi
ZIP Area
802
Density / Sq Mi
$102,871
Median Household Income
$51,988
Median Earnings
$1,782
Median Rent
$392,300
Median Home Value
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Market
Average Price Trend$/SF for Conventional restaurants in Melbourne, FL
Properties on Market for Conventional restaurants in Melbourne
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Applebee’s occupies a signalized corner outparcel in Melbourne Village Plaza.
Where is this conventional restaurant located?
The property is located at 3001 W Eau Gallie Blvd. Melbourne, FL.
What is the asking price?
The asking price for this property is $3,368,000.
What are key features of this property?
This property features: 6,198‑square‑foot Applebee’s restaurant on approximately 1.94 acres; Absolute NNN lease; primary term extends through May 2032; Six five‑year renewal options and 1% annual rent increases during the primary term
