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7780 Wickham Rd N
Melbourne, FL 32940
Walgreens · Retail Property For Sale
Investment Highlights
- Passive Absolute Net (NNN) Investment - Absolute net lease structure with zero landlord responsibilities is ideal for passive investors
- Strong Store Performance - This location reports strong annual store sales, reinforcing Walgreens’ long-term operational success at this site
- High-Traffic Corridor - Located along N Wickham Road, a major retail artery with traffic counts exceeding 43,000 VPD within close proximity
- Long-Term Lease Commitment with Corporate Guarantee - Walgreens executed a 15-year lease extension in January 2023
- Prime Retail Location Directly Across from Publix - The property is situated directly across from Publix, Florida’s #1 grocery chain
- Dense and Affluent Trade Area - Over 72,000 residents within a 5-mile radius, with average household incomes exceeding $95,000 within 3–5 miles
Executive Summary
Passive Absolute Net (NNN) Investment - Absolute net lease structure with zero landlord responsibilities is ideal for passive investors seeking stable, hands-off income
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
15,922 SF
Building Class
B
Year Built
2003
Price
$5,518,229 CAD
Price Per SF
$346.58 CAD
Cap Rate
7.15%
NOI
$394,548 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.29 AC
Zoning
BU-1
Parking
82 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 26-36-11-00-00507.0-0000.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,157,295 CAD |
Property Taxes
Parcel Number
26-36-11-00-00507.0-0000.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,157,295 CAD
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