ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Dollar Tree – Palm Bay, FL – NN Lease

1595 Palm Bay Road, Unit #102

ASKING PRICE: $1,341,850
CAP RATE: 6.35%

PROPERTY HIGHLIGHTS:

  • VISIBLE RETAIL LOCATION — Adjacent to Staples at the intersection of high traffic Palm Bay Rd. & S Babcock St./SR-507 (79.4K+ combined ADT). Across from Sabal Palm Square Center (131K+ SF) & Publix anchored Palm Bay Center (135K+ SF).
  • CENTRALIZED, ACCESSIBLE MARKET — Palm Bay is perfectly located on FL’s Space Coast between Jacksonville & Miami. Cape Canaveral & Kennedy Space Center are about an hour north of the city. Orlando, drawing 62M+ annual visitors to its tourist attractions, is approximately an hour northwest. Major freeway I-95 runs through the center of Palm Bay with interchanges at Palm Bay Road & Malabar Road.
  • SUCCESSFUL, ESTABLISHED TENANT — Dollar Tree is the largest and most successful single-price-point retailer in North America, operating over 14,300 stores throughout the U.S. & Canada.
  • QUALITY INVESTMENT — Incremental rent increases every 5 years and minimal landlord responsibilities. No state income tax in FL provides a low tax burden for the investor.
  • LARGE TRADE AREA — Over 126,000 people, with an average household income of $58K+, within 5 miles of the property. Palm Bay is the largest city in Brevard County & a principal city of the Palm Bay−Melbourne−Titusville MSA (population of 543K+).
  • There are no features available

$1,341,850

8,115 SF

Price:

$1,341,850

Cap Rate:

6.35%

Building Size:

8,115 SF

Current NOI:

$85,208

Lease Type:

NN

Remaining Term:

Ten (10) Years

Status:

Active

CONTACT BROKER

Brett Sheldon

(919) 391-9903

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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