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Tires Plus – Melbourne, Fl

$2,440,000

1354 North Wickham Road, Melbourne, FL 32935

Active
Last Updated: 09/09/2025

7

Cap Rate

170,747

NOI

Details:
Cap Rate:    7%
NOI:    $170,747
Building Size:    5,750 sqft
Lot Area:    1.03 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2000
Zoning:    C
Tenancy:    Single
Lease Expire Year:    10/31/2030
Highlights:
  • ABSOLUTE NNN LEASE | RECENT LEASE RENEWAL: Tenant has been successfully open and operating at this location for decades and recently exercised their 2nd lease renewal option showing commitment to the site!
  • CORPORATE TENANT: Tires Plus - a wholly owned subsidiary of Bridgestone Americas (BSAM) which is owned by the world’s largest tire and rubber company (Bridgestone Corp) - Today, Tires Plus has more than 5,000 teammates working in 400+ stores in 23 states!
  • DENSE RETAIL CORRIDOR: Well-positioned in a dense retail corridor - close proximity to Walmart, LA Fitness, Staples, ALDI, Publix, Harbor Freight, etc.
  • TRAFFIC COUNTS: Positioned just off the hard corner on a large ±1.03-acre lot with excellent drive-by visibility/access on N Wickham Rd (main north/south thoroughfare) with traffic counts of 56,290 CPD!
  • 2025 DEMOGRAPHICS: Total Population (5MI): 104,194 | Average Household Income (1MI): $107,382
Description:

The Tenant has been successfully open and operating at this location for decades and recently exercised their 2nd lease renewal option showing commitment to the site! The Tenant, Tires Plus - a wholly owned subsidiary of Bridgestone Americas (BSAM) which is owned by the world’s largest tire and rubber company (Bridgestone Corp) - Today, Tires Plus has more than 5,000 teammates working in 400+ stores in 23 states!
The Asset is Positioned just off the hard corner on a large ±1.03-acre lot with excellent drive-by visibility/access on N Wickham Rd (main north/south thoroughfare) with traffic counts of 56,290 CPD! Major retailers in Melbourne & surrounding area include Walmart, Target, Sam’s Club, Bass Pro Shops, Lowe’s, Home Depot, BJ’s Wholesale Club, Kohl’s, Marshalls, HomeGoods, Ross, Academy Sports + Outdoors, Gabe’s, Burlington, Shoe Carnival, Ulta Beauty, Michaels, Staples, Office Depot, Best Buy, Barnes & Noble, Five Below, Dollar Tree, ALDI, Publix, Petco, PetSmart, AMC Theatres, Bowlero, LA Fitness, Planet Fitness, and Crunch Fitness. It is 16 minutes (7 miles) to Florida Institute of Technology - a private research university offering degrees in engineering, science, computing, aeronautics, business & psychology, serving 4,727 students (Fall 2024); 7 minutes (3 miles) to Eastern Florida State College Melbourne - a public college where students can pursue associate & bachelor’s degrees, and career & technical certificates; 7 minutes (2 miles) to Orlando Health Melbourne Hospital - a 119- bed comprehensive medical & surgical facility serving the Brevard County Space Coast; 14 minutes (6 miles) to Holmes Regional Medical Center - just minutes from downtown Melbourne, this 550-bed premier tertiary referral hospital provides patients with access to advanced, life-saving technology

Map:
Documents:
Title
tiresplus.melbourne_PKG.pdf
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Location
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