3380 Bayside Lakes Blvd SE - Retail FOR SALE


Palm Bay, FL 32909
$4,095,238 USD
332-345-4222
3380 Bayside Lakes Blvd SE, Palm Bay, FL for Sale
$4,095,238 USD
Retail - FOR SALE
1/2
null | 5.25% Cap Rate

3380 Bayside Lakes Blvd SE
Palm Bay, FL 32909


HIGHLIGHTS

  • Robust Corporate Guarantee
  • Recession Resistant Due to Non Discretionary Nature of Services
  • New Development
  • Income Tax Free State

OVERVIEW

Surmount is pleased to present the exclusive listing for a Mavis Discount Tire located at 3380 Bayside Lakes Blvd SE, Palm Bay, FL, 32909. The site consists of roughly 6,952 rentable square feet of building space on an estimated 1-acre parcel of land. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $215,000 and has scheduled increases of 5.00% every 5 years.

FOR SALE DETAILS

PRICE

$4,095,238 USD

PRICE/SF

$589 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Discount Tire

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

-

APN/PARCEL ID

29-37-19-RX-00000.0-0010.00

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.