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Truist Bank

Melbourne, Florida

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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

Key Details

Annual Rent:
$198,685
Address:
8226 North Wickam Road, Melbourne, Florida 32940
Property Type:
Bank
Lease Type:
Triple Net (NNN)

Lease Commencement:
December 10, 2007
Lease Expiration:
December 31, 2029
Lease Term Remaining:
5.9 Years
Rental Increases:
1.5% annually
Lot Size:
1.27 Acres
Building Size:
9,269 SF
Year Built:
1995
Year Renovated:
2005
Tenant:
Truist Bank

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Alexandre Marietto

License: 10401294047

Kyle Karsian

License: 10401321452

Andrew Darby

Broker of record

Brian Brockman

Bang Realty-Naples, Inc

License: BK3327646


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