9163 Babcock St SE - Retail FOR SALE


Palm Bay, FL 32909
$4,200,000 USD
980-498-3293
9163 Babcock St SE, Palm Bay, FL for Sale
$4,200,000 USD
Retail - FOR SALE
1/4
null | 5% Cap Rate

9163 Babcock St SE
Palm Bay, FL 32909


HIGHLIGHTS

  • LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY
  • PUBLIX OUTPARCEL & NEW DEVELOPMENT
  • BREVARD COUNTY ECONOMIC DRIVERS

OVERVIEW

CORPORATE GUARANTEE FROM CREDIT TENANT - Heartland Dental is the largest dental support organization in the United States - Over 1,800 Locations - 2024 Total Revenue was $4.2B STRATEGIC CONNECTIVITY - This brand new construction is less than 3 miles from I -95 - Quick access to Palm BayMelbourne-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 Edgewood at Everland’s - Across the street from Courtyard at Waterstone - Outparcel to Publix Shopping Center 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 STRONG LEASE FUNDAMENTALS - Abs. NNN Heartland Dental concepts - Zero landlord Responsibilities - 12 Years lease with four (4) five (5) year extensions - 10% Rental Increases every 5 years and in 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

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$986 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Dental

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

30-37-03-52-00000.0-00C5.00

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.