Wendy's Restaurant in Satellite
For Sale
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395 E EAU GALLIE BLVD, Melbourne, FL 32937
Freestanding Wendy's with over 12 years remaining on lease.
Property Size2,398 SF
Price / SF$824.44
Days on Market109
Property Features for 395 E EAU GALLIE BLVD
General Information
Standard status
Active
Size
2,398 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$108,736
Building Details
Year Built
1977
Year Renovated
2019
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Seattle
Listed By:
Hank Wolfer · License #440846
Source:
Crexi
Added: May 11
Changed: Aug 23
Last Checked: Aug 26 at 2:19PM
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 - Seattle
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Absolute NNN lease with over 12 years remaining, providing passive income.
- Lease guaranteed by a regional franchisee (916 Foods) with a strong operational presence.
- Scheduled 26% rent increase in 2028, enhancing investment return.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
229k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 22%
Apparel 21%
Dining 18%
Publix
Groceries
48,009 visits/mo
0.3 miles
Ross Dress for Less
Apparel
24,493 visits/mo
0.3 miles
Bealls Florida
Apparel
15,595 visits/mo
0.2 miles
BP
Shops & Services
14,272 visits/mo
0.3 miles
Starbucks
Dining
13,553 visits/mo
0.5 miles
Demographics for 32937, FL
27,306
Population
13,619
Households
2
Avg Household Size
50
Median Age
53%
College-Educated
99%
High-School Grad
6.8 sq mi
ZIP Area
4,016
Density / Sq Mi
$98,411
Median Household Income
$55,420
Median Earnings
$1,718
Median Rent
$421,300
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?
Drive through restaurant - Freestanding Wendy's with over 12 years remaining on lease.
Where is this drive through restaurant located?
The property is located at 395 E EAU GALLIE BLVD Melbourne, FL.
What is the asking price?
The asking price for this property is $1,977,000.
What are key features of this property?
This property features: Absolute NNN lease with over 12 years remaining, providing passive income.; Lease guaranteed by a regional franchisee (916 Foods) with a strong operational presence.; Scheduled 26% rent increase in 2028, enhancing investment return.
