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Below Market Rent Value Add NNN 3555 W New Haven Ave 25,523 SF Retail Building Melbourne, FL 32904 $7,264,440 CAD ($284.62 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Large 3.43-acre Parcel
- Located on Highway 192, Melbourne's primary retail corridor with significant daily traffic, providing exceptional visibility and access
- Prime location, strong tenancy, and future income growth in a rapidly expanding market.
- Long-Term Net Lease
- Average household income in the 1-mile radius is $113,090
EXECUTIVE SUMMARY
Located along Highway 192, a bustling retail corridor, the property benefits from strong national co-tenancy and proximity to the Space Coast Town Centre development, a transformative 170-acre mixed-use community. Melbourne, FL, is renowned for its robust economic growth, driven by major aerospace and technology employers such as SpaceX, Lockheed Martin, and Blue Origin, making it one of Florida’s most sought-after investment destination. This asset combines a prime location, strong tenancy, and future income growth in a rapidly expanding market. A rare opportunity for investors seeking secure, long-term returns in Florida’s booming Space Coast region.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
- $16.36 CAD
- Triple Net
- Feb 2032
Northern Tool + Equipment is a multi-channel retailer offering a wide selection of products, ranging from consumer goods to industrial and construction equipment, catering to do-it-yourselfers, contractors, and professional shops through catalogs, the internet (northerntool.com), mobile, and retail locations. The company’s headquarters are in Burnsville, MN, with warehouses in Savage, MN, Fort Mill, SC, and Arlington, TX. They manufacture North Star, Powerhorse, and several other brands at their facilities in Faribault, MN, and Ningbo, China. Northern Tool has a strong retail presence across the U.S. However, the Northern Tool experience goes beyond that, with year-round catalog offerings, a website packed with tools, curbside store pickup, nationwide delivery, and a dedicated team ready to assist customers by phone, ensuring endless possibilities.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $16.36 CAD | Triple Net | Feb 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-36-01-51-00000.0-0193.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,985,321 CAD |
PROPERTY TAXES
Presented by
Below Market Rent Value Add NNN | 3555 W New Haven Ave
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