9113 Babcock St - Fast Food FOR SALE


Palm Bay, FL 32909
$2,877,000 USD
980-498-3293
9113 Babcock St, Palm Bay, FL for Sale
$2,877,000 USD
Fast Food - FOR SALE
1/3
null | 3.65% Cap Rate

9113 Babcock St
Palm Bay, FL 32909


HIGHLIGHTS

  • CORPORATE GUARANTEE FROM CREDIT TENANT
  • LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY
  • PUBLIX OUTPARCEL & NEW DEVELOPMENT

OVERVIEW

CORPORATE GUARANTEE FROM CREDIT TENANT - McDonald’s has over 40,000 locations worldwide - S&P Credit Rating of BBB+ and has a market capitalization of $218B (NYSE: MCD) - Over $23B 2024 Revenue STRATEGIC CONNECTIVITY - This brand new construction is less than 3 miles from I -95 - Quick access to Palm Bay-Melbourne-Titusville regional market - 242 feet of frontage and excellent visibility PUBLIX OUTPARCEL & NEW DEVELOPMENT - Immediate trade area features multiple master planned residential communities under construction - Cypress Bay Preserve. Emerald Lakes and Eddgewood at Everland’s - Across the street from Courtyard at Waterstone - Outparcel to Publix Shopping Center STRONG LEASE FUNDAMENTALS - 10% rent increase every 5 years during current term & options periods - 20-year Absolute NNN Ground lease - Ten (10) five (5) year option periods BREVARD COUNTY ECONOMIC DRIVERS - Anchored by aerospace, defense, and high-tech employers - L3Harris (8,000+ employees), Northrop Grumman (6,500+ employees), and Lockheed Martin contribute to consumer spending LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY - AHHI exceeds $180K in a 1-mile radius - Within the rapidly growing Palm Bay–Melbourne–Titusville MSA (600,000+ residents) - Palm Bay is the largest city in Brevard County (127,000+ residents) and benefits from strong aerospace, defense, and tech employment clusters led by Lockheed Martin, L3Harris, and Northrop Grumman - Potential customers with an AHHI greater than $160,000

FOR SALE DETAILS

PRICE

$2,877,000 USD

PRICE/SF

$655 USD /SF

CAP RATE

3.65%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,082 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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