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Absolute NNN - 6.41% Cap Rate 8550 Napolo Dr

7,489 SF Retail Building Melbourne, FL 32940 $5,430,000 ($725/SF) 6.41% Cap Rate

Restaurants Florida Melbourne 8550 Napolo Dr, Melbourne, FL 32940

Executive Summary

Curri Commercial LLC is pleased to offer the opportunity to acquire an absolute NNN, freestanding investment property located in thriving Viera (Melbourne), Florida. The tenant, Walk-On's Sports Bistreaux, was named Entrepreneur's #1 "Top New & Emerging Franchises" in 2020 with 66 locations across 13 States and 11 coming soon. YR 1 NOI = $348,000. Terms include: 10-year initial lease, 5% increases every 5 years, two 5-year options to renew at 5% every 5 years, $29,000 monthly, and property taxes, insurance, repairs and maintenance, common area maintenance, roof and structure all Tenant responsibility. This 6.41% cap investment, high volume Tenant, ideally located in the 13th ranked Master-Planned Community in the US with 58% population growth since 2010, is truly one you do not want to miss!

Attachments

Walk Ons - 8550 Napolo Drive Melbourne, FL 32940

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,489 SF
Building Class
B
Year Built
2021
Price
$5,430,000
Price Per SF
$725
Cap Rate
6.41%
NOI
$348,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.69 AC
Zoning
PUD
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8550 Napolo Dr, Melbourne, FL - aerial map view - Image1
8550 Napolo Dr, Melbourne, FL - aerial map view - Image2

Nearby Major Retailers

Outback Steakhouse
Walk-On's
Buffalo Wild Wings
My Gym
Starbucks
Bonefish Grill
Five Guys
The Melting Pot
World of Beer
Chili's Grill & Bar

PROPERTY TAXES

Parcel Number 26-36-09-VH-0000A.0-0001.03 Improvements Assessment $1,338,230
Land Assessment $1,170,150 Total Assessment $2,508,380

PROPERTY TAXES

Parcel Number
26-36-09-VH-0000A.0-0001.03
Land Assessment
$1,170,150
Improvements Assessment
$1,338,230
Total Assessment
$2,508,380
(321) 956-5006

Contact

  • Listing ID: 32517959

  • Date on Market: 7/19/2024

  • Last Updated:

  • Address: 8550 Napolo Dr, Melbourne, FL 32940

More public record information on 8550 Napolo Dr, Melbourne, FL 32940

The Retail Property at 8550 Napolo Dr, Melbourne, FL 32940 is currently available for sale. Contact Realty World Curri Commercial for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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Absolute NNN - 6.41% Cap Rate | 8550 Napolo Dr
(321) 956-5006 x

Absolute NNN - 6.41% Cap Rate | 8550 Napolo Dr

Karen D'Alberto

(321) 956-5006

(321) 956-5006

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