395 E EAU GALLIE BLVD

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395 E EAU GALLIE BLVD

MELBOURNE, FL 32937-4836
Asking Price
$1.98M
Cap Rate
5.5%
Asset Type
Restaurant Retail
Class
Class B

What's Special

Wendy's (26% Bump in 2028- Results in 6.96% Cap Rate) <ul><li>​Absolute NNN Leased Wendy's with 12+ Years Remaining</li></ul><p></p><ul><li>​Upcoming (2028) Rent Bump of 26% - Results in 6.96% Cap Rate</li></ul><p></p><ul><li>​Excellent Frontage/Visibility Along Heavily Trafficked Eau Gallie Blvd – Nearly 23,000 VPD</li></ul><p></p><ul><li>​Dense Retail Corridor – Located Across from Publix Anchored Shopping Center and Blocks from Walmart Super Center</li></ul><p></p><ul><li>​Strong Demographics – Avg. Household Income $119,000 within 1 Mile and 93

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NOI
$80,000
Cap Rate
4.05%
DSCR
0.68
Underwater
Cash-on-Cash
-6.30%
Monthly Payment
$9,781.117
Annual Cash Flow
$-37,373.408

Location & Travel Times