5270 Babcock St NE - Storefront FOR SALE
Palm Bay, FL 32905 |
5270 Babcock St NE
Palm Bay, FL 32905
HIGHLIGHTS
- Winn-Dixie and Bealls Outlet anchored neighborhood center strategically positioned within the Melbourne metro region.
- Complementary tenancy, including Brevard Health Alliance, Workout Anytime, CSL Plasma, and Healthworx making the center a health and wellness hub.
- Winn-Dixie has a liquor store integrated into their box and has renewed three times, showing long-term commitment with just under six years remaining.
- Unparalleled tenant retention and longevity as 8 of the 12 current tenants have been at the center for more than 10 years.
- Significant upside potential in the ability to lease-up the remaining vacant space drafting off the recent leasing momentum at the center.
- Strategic positioning within Melbourne metro region with invaluable frontage along one of Palm Bay’s most heavily trafficked roads, Babcock Street.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Marketplace at Palm Bay
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
149752
STORIES
1
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
524
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
28-37-28-75-00000.0-000A.01
