Caliber Car Wash - Palm Bay, FL 5050 Minton Rd NE 3,763 SF Retail Building Palm Bay, FL 32907 $7,302,058 CAD ($1,940.49 CAD/SF) 6.50% Cap Rate

Palm Bay, FL - New Developments | Population Growth
• New York-based developer, DW Partners, received permits to construct 1,238 homes on 450 acres in Palm Bay, 4 miles West of the subject property
• Palm Bay is currently growing at a rate of 2.3% annually, and its population has increased 7.05% since the most recent census
Fronting Minton Rd | Hammock Landing/Palm Crossing | Surrounding National Tenants | Off I-95
• The subject property is strategically fronting Minton Rd averaging 44,300 VPD
• Less than a mile off I-95 (80,000 VPD), allowing users to benefit from direct on/off ramp access to the site
• Located less than half a mile from Hammock Landing and Palm Crossings
• Hammock Landing is power center that features big box tenants such as Kohl’s, Target, Ross, Michaels, Marshalls, HomeGoods, and more
• Other national tenants in Hammock Landing include Culver’s, Panera Bread, Longhorn Steakhouse, and more
• Hammock Landing ranks in the top 73% of all US power center as well as in the top 83% of all FL power centers according to Placer.ai
• Ross - Top 85% FL locations
• Michaels - Top 98% FL locations
• Culver’s - Top 95% FL locations
• Panera - Top 92% FL locations
• Palm Crossing is a Publix-anchored shopping center that features other national tenants such as Chase Bank, Chipotle, Regions Bank, and more
• The Publix is ranked in the top 97% of all US & FL locations, as well as in the top 100% of all locations within a 15-mile radius according to Placer.ai
Strong Demographics In 5-Mile Trade Area
• More than 154,000 residents and 56,000 employees support the trade area
• $88,831 average household income within a 1-mile radius