Absolute NNN Restaurant
For Sale
Contact for pricing
Pending
8550 Napolo Dr, Melbourne, FL 32940
Freestanding restaurant leased under an absolute NNN structure with scheduled rent increases and renewal options.
Property SizeContact for details
Days on Market143
Property Features for 8550 Napolo Dr
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Cap Rate
6.41%
Listing Agency:
Curri Properties
(321) 213-9696
Listed By:
Karen D'Alberto · License #SL3105835
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 9:22PM
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 Curri Properties
Investment Insights
Based on property information with market context.
This freestanding restaurant investment property is occupied by Walk-On’s Sports Bistreaux under an absolute NNN lease. The initial lease term is 10 years, with 5% increases every 5 years and two additional 5-year renewal options that include 5% increases every 5 years. The lease assigns property taxes, insurance, repairs and maintenance, common area maintenance, roof, and structural responsibilities to the tenant.
The property is located at 8550 Napolo Dr in Melbourne, Florida, within the Viera master-planned community. Walk-On’s Sports Bistreaux operates 66 locations across 13 states, with 11 additional locations coming soon. The investment is offered at a 6.41% cap rate.
The property is located at 8550 Napolo Dr in Melbourne, Florida, within the Viera master-planned community. Walk-On’s Sports Bistreaux operates 66 locations across 13 states, with 11 additional locations coming soon. The investment is offered at a 6.41% cap rate.
Key Highlights
- Absolute NNN lease structure with tenant responsibility for taxes, insurance, maintenance, roof, and structure
- 10‑year initial lease term with two 5‑year renewal options
- Contractual 5% increases every 5 years, including renewal periods
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
538k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 23%
Dining 21%
Shops & Services 20%
Apparel 14%
Walmart
Superstores
125,615 visits/mo
0.1 miles
HomeGoods
Home Improvements & Furnishings
53,398 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
43,606 visits/mo
0.4 miles
Total Wine & More
Groceries
40,725 visits/mo
0.4 miles
T.J. Maxx
Apparel
35,403 visits/mo
0.4 miles
Demographics for 32940, FL
44,869
Population
21,433
Households
2.1
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
57.3 sq mi
ZIP Area
783
Density / Sq Mi
$106,511
Median Household Income
$56,072
Median Earnings
$1,904
Median Rent
$444,100
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 - Freestanding restaurant leased under an absolute NNN structure with scheduled rent increases and renewal options.
Where is this nnn property located?
The property is located at 8550 Napolo Dr Melbourne, FL.
What are key features of this property?
This property features: Absolute NNN lease structure with tenant responsibility for taxes, insurance, maintenance, roof, and structure; 10‑year initial lease term with two 5‑year renewal options; Contractual 5% increases every 5 years, including renewal periods
