SEQ of Pineda Causeway and N. Wickham Road

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SEQ of Pineda Causeway and N. Wickham Road

Melbourne, FL 32940
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

The subject property is located at the southeast quadrant of Pineda Causeway and North Wickham Road in Melbourne, Florida. Situated in a rapidly growing area of Brevard County, the site benefits from high visibility at a major signalized intersection. The surrounding neighborhood features a mix of established residential communities and professional offices. Nearby amenities include the Brevard County Government Center, multiple grocery-anchored shopping centers, and Suntree Country Club. The asset offers efficient transportation access, positioned less than three miles from the Interstate 95 interchange and providing a direct connection to the beaches via the Pineda Causeway. This retail asset is suited for high-traffic commercial uses, including multi-tenant strip centers, standalone quick-service restaurants, or convenience-oriented services. The strategic location caters to a tenant profile that requires a combination of local neighborhood draw and regional commuter exposure. Potential tenants typically include national retail brands, medical clinics, and financial institutions seeking to capture the daily traffic flow between the mainland and the barrier islands. The property offers the necessary frontage and accessibility to support businesses focused on retail sales, professional services, or hospitality within the Melbourne-Palm Bay metropolitan area.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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