Listing Summary
Presenting a premier NNN investment opportunity situated at a signalized intersection on South Babcock Street—the most heavily trafficked commercial artery in Melbourne, FL.
Full Description
7.1% CAP & 100% Bonus Depreciation!
Rare opportunity to own a 2-building NNN retail center directly across from Melbourne International Airport. Anchored by Tires Plus (New 10-Year Lease) and Hertz, this site generates $270k/year in pure passive income. Located on South Babcock Street with 47,800+ daily cars, it features zero landlord responsibilities and built-in 2% annual rent bumps. Lock in a high-yield, hands-off investment in a market with virtually zero inventory!
Property Quick Facts
| Feature |
Detail |
| Annual NOI |
$270,000 |
| Cap Rate |
7.1% (In-Place) |
| Traffic Count |
47,800+ AADT |
| Tenants |
Tires Plus (10yr) & Hertz |
| Lease Type |
Absolute NNN (No Owner Expenses) |
| Tax Status |
100% Bonus Depreciation Eligible |
| Location |
Babcock St & Apollo Blvd (Opposite MLB Airport) |
Quick Glance
- Listing ID:
CL-Florida-27373
- Status:
Active
- Year Build:
N/A
- Building Size:
6,960 SqFt
- Lot Size:
N/A