395 E EAU GALLIE BLVD Melbourne, FL 32937

The Wendy’s property, located in Satellite Beach, Florida on East Eau Gallie Boulevard, was constructed in 1977 and remodeled in 2019. The property has over 12 years remaining on an Absolute NNN lease, guaranteed by a regional franchisee, 916 Foods, which operates 27 stores in Florida and an additional 57 stores in Texas. Situated along a busy east-west thoroughfare (Eau Gallie Blvd), the location benefits from high traffic, with over 23,000 vehicles per day. Other retailers in the immediate area include Publix, Walmart, Michael’s, Ross, and Bealls. The lease includes a scheduled 26% rent increase in 2028. Satellite Beach is a coastal city in Brevard County with a stable, high-skilled economy driven largely by aerospace, defense, and professional services, complemented by neighborhood-scale retail and tourism-oriented activity. The area’s economy is closely tied to the broader Space Coast aerospace and defense corridor. Key drivers include Patrick Space Force Base, which is the largest local employer, along with major contractors such as Northrop Grumman and Collins Aerospace. NASA's Kennedy Space Center further strengthens the regional economy and provides high-wage technical employment. The property size is 2398 square feet.