401 E New Haven Ave - Freestanding FOR SALE


Melbourne, FL 32901- Downtown Melbourne
$1,200,000 USD
321-722-0707
401 E New Haven Ave, Melbourne, FL for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/4
null | 6.86% Cap Rate

401 E New Haven Ave
Melbourne, FL 32901
Downtown Melbourne


OVERVIEW

- 10 Year NN+ Lease with Taco Dive including Two 5-Year option terms - First Year NOI of $82,360.00 - 4% annual increases in initial Lease & Option Terms - Property Taxes, Building Insurance, Maintenance Tenant Responsibility - Located in Downtown Melbourne in the Highest daytime population in the county - Close proximity to Melbourne Orlando International Airport, Holmes Regional Medical Center, & major employers (L3 Harris, Northrop Grumman, Embraer, and others) - Multiple residential/multifamily projects under development in the trade area with Over 1,000 units in Phase 1 of development - Strong Commercial Development underway with high performing retailers in a 5-Mile radius

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$517 USD /SF

CAP RATE

6.86%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Dive - NNN Investment Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C1

APN/PARCEL ID

28-37-03-53-00000.0-0017.00

ASK ABOUT THIS PROPERTY

Blake RobisonLightle Beckner Robison, Inc.More Info
321-722-0707

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

Blake RobisonLightle Beckner Robison, Inc.More Info
321-722-0707

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