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1545 Palm Bay Rd Local commercial 517 m² À vendre Melbourne, FL 32905 2 700 567 € (5 224,42 €/m²) Taux de capitalisation 6,45 %

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Certaines informations ont été traduites automatiquement.

Informations principales sur l'investissement

Applebee's has continuously operated at this location since 1993, demonstrating a long-term commitment to the trade area.
Absolute NNN lease structure provides for no landlord operating responsibilities.
The restaurant occupies a freestanding location with frontage along Palm Bay Road, a major commercial corridor.

The property is leased to Applebee's Restaurants Mid-Atlantic, LLC, a subsidiary of Dine Brands Global, Inc. (NYSE: DIN).
Contractual 1% annual rent increases are included throughout the primary lease term and most renewal periods.
The site benefits from visibility to approximately 37,000 vehicles per day along Palm Bay Road.

Résumé analytique

SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Applebee’s Neighborhood Grill + Bar property located at 1545 Palm Bay Road in Melbourne, Florida. Applebee’s has been operating at this location since 1993 and is a well-established, nationally recognized casual dining brand with a strong presence throughout the United States and abroad. The property consists of an approximately 5,564 SF freestanding, purpose-built restaurant situated on 1.04 AC. The site offers excellent visibility and frontage along Palm Bay Road, a major east-west thoroughfare serving the Melbourne and Palm Bay trade area, with strong daily traffic counts of 37,000 VPD (ESRI 2025). Applebee’s Restaurants Mid-Atlantic, LLC, a subsidiary of Dine Brands Global, Inc (NYSE: DIN) operates the store and guarantees the lease which features 1% annual rent increases throughout the term and throughout most of the option periods.

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