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1300 Palm Bay Rd
Palm Bay, FL 32905

Price Upon Request

General Retail For Sale  •  4,205 SF

Property Details

  • Property Type General Retail
  • Total Building Size 4,205 SF
  • Lot Size 0.68 AC
  • Building Class C
  • Year Built 1981
  • Tenancy Multiple
  • Zoning CC
0 Transit Score
51 Walk Score

Highlights

Passive Lease Structure: NNN recovery structure across all leases. Tenants pay for taxes, insurance, and common area maintenance of the building.
Long-Term Billboard Income (Digital): The property contains a Digital Clear Channel Billboard lease that has over 8 years remaining on the lease.
High Yielding Investment: This investment is offered at an appealing 7.30% CAP rate and all tenants in the strip center have annual rental increases.
Established Tenant: Bizzarro’s Pizza has been a successful, longstanding tenant at this location for nearly 20 years, demonstrating strong customer.
Proximity to Highway: Subject property is located approximately 1.2 Miles East from the I-95 Ramp.

Amenities

  • Signage

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 14 min - 5.0 mi