1300 Palm Bay Rd - Storefront FOR SALE
Palm Bay, FL 32905 |
$2,823,698 USD
813-488-0853
1300 Palm Bay Rd
Palm Bay, FL 32905
HIGHLIGHTS
- Passive Lease Structure: NNN recovery structure across all leases. Tenants pay for taxes, insurance, and common area maintenance of the building.
- Long-Term Billboard Income (Digital): The property contains a Digital Clear Channel Billboard lease that has over 8 years remaining on the lease.
- High Yielding Investment: This investment is offered at an appealing 7.30% CAP rate and all tenants in the strip center have annual rental increases.
- Established Tenant: Bizzarro’s Pizza has been a successful, longstanding tenant at this location for nearly 20 years, demonstrating strong customer.
- Proximity to Highway: Subject property is located approximately 1.2 Miles East from the I-95 Ramp.
FOR SALE DETAILS
PRICE
$2,823,698 USD
PRICE/SF
$680 USD /SF
CAP RATE
7.3%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
COOKIES STRIP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1981
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
CC
APN/PARCEL ID
28-37-21-50-01692.0-0001.00
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813-488-0853
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813-488-0853
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