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Wendy’s NNN Absolute-Net | Melbourne, FL

1150 S Babcock St, Melbourne, FL 32901, USA
$1,438,404

Description

Marcus & Millichap is pleased to offer for sale this absolute net leased Wendy’s located at 1150 South Babcock Street, Melbourne in Florida. This property is located just across the street from Melbourne Senior High School, with student enrollment exceeding 2,226 students.
The subject property consists of a 2,781 square foot restaurant on a large 1.14 acre parcel of land and is strategically located on busy South Babcock Street with traffic counts in excess of 25,735 vehicles per day and benefits from close to 126,882 full time residences with a house hold income exceeding $60,734 annually, in the market area.
There are numerous National and Regional retailers in the immediate area including Sears, Hilton Hotel, BB&T, TD Bank, Walgreens, Publix, Bank of America, Hooters, Mcdonald’s, Pizza Hut, and Subway among others. Health First Regional Medical Center, Orlando Melbourne International Airport and Keiser University are also located in close proximity to this property.
Wendy’s is an international fast food restaurant chain founded by Dave Thomas on November 15, 1969 in Columbus, Ohio, United States. As of January 2017, there were a total of 6,537 locations, including 330 that are company-owned. 6,207 restaurants are franchised, and 77% of them are located in North America. (In 2016, Wendy’s was the world’s third largest hamburger fast food chain, following Burger King’s 12,000 plus locations and McDonald’s with over 31,000 plus locations.)

  • Absolute Net Lease “No Landlord Responsibility”
  • Over 126,882 Residents In The Market Area With An Average HHI Exceeding $60,734
  • Traffic Counts On South Babcock Street Exceeding 25,735 Vehicles Per Day
  • 2+ Years Remain on Original 15 Year Lease with 2% Increases Annually
  • Located Just Across the Street From Melbourne Senior High School, with 2,226 Students Enrolled
  • Surrounded by Numerous National and Regional Retailers in the Immediate Area Including Sears, Hilton Hotel, BB&T, TD Bank, Walgreens, Publix, Bank of America, Hooters, Mcdonald’s, Pizza Hut, and Subway Among Others.
    Health First Regional Medical Center and Orlando Melbourne International Airport Are also Located in Close Proximity to this Property

Property Documents

  • City: Melbourne
  • State/county: Florida
  • Zip/Postal Code: 32901
  • Country: United States

Detail

  • Price: $1,438,404

Additional details

  • CAP Rate: 7.00%
  • NOI: $100,688

Features