NNN Lease w Minimal Landlord Responsibilities

2162 Harris Avenue, Palm Bay, Florida 32905

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Documents

• 2162 Harris Avenue Brochure.pdf (5.0 MB)

Building Size	2,420 Square Feet
Land Size	1 Acres
Zoning	Community Commercial (CC)
Parking	51 Asphalt Striped Spaces
Water	City Water
Sewer	City Sewer
Electric	FPL
Year Built	1978
Roof	Replaced in 2019
CAP Rate	7.5%

• 100% Occupied Single Tenant Stand-Alone Restaurant.
• 2,420 SF Restaurant + 772 SF Outdoor Patio Seating = 3,192 SF Total.
• NNN Lease. Expires 1/1/2028. One 5-Year Renewal Option.
• Annual CPI Escalator with 3% Floor & 6% Ceiling.
• Est. NOI is $54,000 (Est. 7.5% CAP).
• Piped Underground Gas. Underground Grease Trap. Drive Through Window. Walk-in Cooler.
• New Roof 2019. 51 Asphalt Paved/Striped Parking Spaces.
• Majority of the FF&E Owned by Landlord.
• Strategically Located off of Palm Bay Road with Est. 30,000 VPD.
• Located in the heart of Palm Bay, which is the largest city in vibrant Brevard County. Property is strategically located just off of Palm Bay Road, with close proximtiy to US1, Babcock Street & Interstate 95, which makes this property easily accessible to the surrounding Employers, Schools, Residential & Beaches that the area has to offer. A few of the surrounding employers include L3Harris, Raytheon, Leonardo DRS & UPS to name a few. Call today for details!

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.