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Nations Auto Glass - 15-Year Absolute NNN 1816 S Harbor City Blvd 2,088 SF Retail Building Melbourne, FL 32901 $2,988,665 CAD ($1,431.35 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-year Absolute NNN lease with 10% rent increases every 5 years
- Corner Location on US-1 (Harbor City Blvd), a major north–south arterial; Direct Visibility to 37,000+ vehicles per day
- Surrounding retail includes Wawa, 7 Brew, Melbourne Square shopping center anchored by Dillard’s, Dick’s, and Macy’s (3 miles west)
- Newly renovated: Significant capex investment by tenant
- Adjacent to the Melbourne Causeway (US-192), connecting to Indialantic / Melbourne Beach communities
- Nations Auto Glass: established national auto glass operator with 19 stores open and operating
EXECUTIVE SUMMARY
Century Partners is pleased to offer a premier investment opportunity featuring a newly renovated property under a 15-year absolute NNN lease with 10% rent increases every 5 years and significant tenant capex.
Positioned in a high-growth Florida market, the asset sits on a prominent corner along US-1 (Harbor City Blvd) with direct visibility to over 37,000 vehicles per day and immediate access to the Melbourne Causeway (US-192), connecting to the Indialantic and Melbourne Beach communities.
The location benefits from a strong surrounding retail corridor—including Wawa, 7 Brew, and the Melbourne Square shopping center anchored by Dillard’s, Dick’s, and Macy’s—and is just one mile from the 500+ bed Health First Holmes Regional Medical Center, ensuring continual traffic and long-term stability.
Positioned in a high-growth Florida market, the asset sits on a prominent corner along US-1 (Harbor City Blvd) with direct visibility to over 37,000 vehicles per day and immediate access to the Melbourne Causeway (US-192), connecting to the Indialantic and Melbourne Beach communities.
The location benefits from a strong surrounding retail corridor—including Wawa, 7 Brew, and the Melbourne Square shopping center anchored by Dillard’s, Dick’s, and Macy’s—and is just one mile from the 500+ bed Health First Holmes Regional Medical Center, ensuring continual traffic and long-term stability.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,088 SF
Building Class
B
Year Built
1957
Price
$2,988,665 CAD
Price Per SF
$1,431.35 CAD
Cap Rate
6.50%
NOI
$194,312 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.32 AC
Zoning
C-2
Parking
5 Spaces (2.39 Spaces per 1,000 SF Leased)
Frontage
125’ on Harbor City Blvd
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Nations Auto Glass
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Nations Auto Glass | Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-37-02-FD-00015.0-0001.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $484,873 CAD |
PROPERTY TAXES
Parcel Number
28-37-02-FD-00015.0-0001.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$484,873 CAD
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Nations Auto Glass - 15-Year Absolute NNN | 1816 S Harbor City Blvd
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