Melbourne, Florida, a city with a rich history and diverse economy, is an ideal location for a restaurant, offering a unique blend of cultural attractions, educational institutions, and thriving businesses. With a population of around 80,000 residents, Melbourne provides a sizable customer base for restaurants. The city's infrastructure, including the Melbourne Orlando International Airport, Florida Power and Light, and Space Coast Area Transit, ensures easy accessibility and connectivity. Moreover, Melbourne is home to several major corporations, such as Harris Corporation (now L3Harris Technologies), Northrop Grumman, and Embraer, which contribute to the local economy. The city's amenities, including the Brevard Zoo, Wickham Park, and Lake Washington, offer a range of recreational activities, making it an attractive location for restaurants.
With 12 restaurants for lease in Melbourne, entrepreneurs and investors have a wide range of options to choose from. Melbourne's restaurants, situated near universities like Burrell College of Osteopathic Medicine - Florida Campus at FIT, Eastern Florida State College, and Florida Institute of Technology, cater to a diverse student population. In addition to restaurants, Melbourne also offers retail space, commercial real estate, and flex space options, providing a versatile range of properties for businesses. The city's retail space is ideal for shops and boutiques, while its commercial real estate is suitable for offices and corporate headquarters. Flex space, on the other hand, offers a flexible and adaptable option for businesses with unique needs. Overall, Melbourne's diverse property options, combined with its thriving economy and cultural attractions, make it an attractive location for businesses and investors.
How are restaurant leases typically structured?
Restaurant leases in Melbourne, Florida are typically structured to accommodate the unique needs of food service businesses, with average annual rent per square foot ranging from $29 USD and average space sizes of 4,904 square feet, up to a maximum of 5,918 square feet.
Lease terms often include a combination of base rent, common area maintenance (CAM) fees, and percentage rent, with lease lengths typically ranging from 5 to 10 years, allowing restaurateurs to establish a stable presence in the Melbourne market, which is supported by a population of over 80,000 residents and a diverse range of local amenities and attractions.
What kitchen equipment is usually included in restaurant leases?
In Melbourne, Florida, where there are currently 12 available listings of restaurants for lease, the kitchen equipment usually included in these leases may vary depending on the specific property and landlord. However, common equipment found in restaurant leases in Melbourne often includes commercial-grade refrigerators, freezers, ovens, stoves, dishwashers, and ventilation systems, which can help support the daily operations of a restaurant.
