The NNN Pro Group is pleased to present the exclusive listing for the Truist Bank located at 8226 North Wickam Road, Melbourne, FL 32940. The site will consist of roughly 9,269 rentable square feet of building space on estimated 1.27-acre parcel of land. The Truist Bank is subject to an absolute triple-net (NNN) lease that commenced on 12/10/2007. The initial annual rent will be $198,685 and is scheduled to increase by one and one-half percent (1.50%) annually and continuing through 1, 3-Year Option & 5, 5-Year Options.
Please Contact Listing Broker for Pricing Information
About the Investment:
✓ Absolute Triple-Net Lease (NNN)
✓ Approximately 6 Years Remaining
✓ One and One-Half (1.50%) Annual Rental Increases
✓ One (1), Three (3)-Year & Five (5), Five (5)-Year Renewal Options
