7840-7850 North Wickham Rd, Unit MELBOURNE Melbourne, FL 32940

This property offers the opportunity to acquire an established absolute NNN Taco Bell / Pizza Hut Ground Lease in Melbourne, FL. Built in 2016, the property features a 3,600 SF dual-brand prototype situated on 0.76 acres along North Wickham Road. The lease has approximately 5 years remaining on its initial 15-year term, with 10% rental increases scheduled every 5 years. The lease is absolute net, assigning responsibility for all expenses, including roof and structure, to the tenant, resulting in zero landlord obligations. The location benefits from high visibility and traffic counts of 40,000 vehicles per day on N Wickham Rd. The site is surrounded by retailers such as Walmart Supercenter, Publix, Target, Walgreens, Kohl’s and CVS. Located minutes from I-95, the property benefits from a dense trade area serving Melbourne’s residential and employment base. Taco Bell Corporation operates approximately 8,100 units in the United States. Pizza Hut has more than 6,700 US restaurants and over 16,000 locations worldwide across more than 100 countries. Bravo Foods, LLC, which operates approximately 35 Taco Bell locations across the Orlando metro and Southeast region, serves as the lease guarantor. Its parent company, Celebration Restaurant Group, operates more than 150 restaurants across multiple states, including 35 Taco Bell locations and 93 Pizza Hut restaurants under affiliated entities.