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Solid Bite (Brevard County Dentists)

2211-2223 Sarno Road, Melbourne, FL 32935

$650,000

Cap Rate 9.88%

$650,000

Cap Rate 9.88%

DOM: 71 Updated: 01.28.24 Posted: 10.16.23 Status: Sold 12.26.23

Summary

Price $650,000 $650,000
Built/Renov 1958
Tenant Solid Bite (Brevard County Dentists)
Cap Rate 9.88% 9.88%
Lease Type Double NN
Guarantor Corporate
Size/SF 2,778
Lease Start 04-30-2023
#Units 1
Price/SF $233.98 $233.98
Expiration 04-30-2024
Tenant Type Medical/Health
NOI $64,200
R. Term 1.0
Ownership Fee Simple
Rent/SF $23.11
Increases 0.0%/0/yrs
Pop 5Mi 130,997
Lot/AC 0.33
Options 7/1yrs
AHHI 5Mi $83,884

Andrew Ackerman
Sands Investment Group
Contact

Lease Highlights

  • Solid Bite has less than 1 year remaining on the current lease term with 7 (1-year) options to extend
  • Tenant has long operation history of over 30 years
  • Corporate guarantee by Sheldon and Furtado, PLLC

Location Description

Solid Bite is situated on Sarno Road, which has a daily traffic count of 23,584 vehicles. The subject property is located in a high-visibility, easily accessible area with good foot traffic and proximity to residential areas and other businesses. The strong tenant synergy in the immediate trade area enhances consumer draw and promotes crossover tenant exposure to the site. The 5-mile trade...

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Key Features

  • Major thoroughfare

  • Near major nationals

  • Strategically located

  • Highway close

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Corporate Guarantee

    • ...

Links

Solid Bite Wikipedia Melbourne, Florida Zip Code 32935 Broker Site Page

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Solid Bite
  • Guarantor:Corporate
  • Company:Sheldon And Furtado, PLLC
  • # Units:1
  • Stock:Private

About Tenant

Solid Bite is a private dental office that offers general dentistry and periodontal services. Using the latest innovations in dentistry, Smile Bite successfully treats gum disease and places...


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Listing Broker

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