7.1% Cap Rate Melbourne Airport Retail Center - 665 S Babcock St

Melbourne, FL 32901

• NNN Property
• Retail for Sale
• $5,196,386 CAD
• 6,890 SF

• Air Conditioning
• Security System
• 24 Hour Access
• Wheelchair Accessible

Melbourne Retail for Sale - Brevard County

THIS AMAZING RETAIL CENTER IS LOCATED DIRECTLY ACROSS THE STREET FROM MELBOURNE INTERNATIONAL AIRPORT, AND SITS AT A SIGNALLIZED INTERSECTION WITH OVER 47,800 AVERAGE ANNUAL DAILY TRAFFIC COUNT. SOUTH BABCOCK STREET IS THE LARGEST STREET IN THE CITY OF MELBOURNE AND IS HOME TO MANY TOP RETAIL OUTFITS AND THE HIGHEST TRAFFIC COUNTS IN THE CITY! THE PROPERTY CONSISTS OF 2 RETAIL BUILDINGS, HOME TO HERTZ RENTAL CAR & TIRES PLUS FL INC.! BOTH TENANTS HAVE BEEN IN THIS LOCATION FOR OVER 4 YEARS AND HAVE LONG-TERM NNN LEASES IN PLACE! THE SITE IS ELIGIBLE FOR 100% BONUS DEPRECIATION DUE TO THE CAR WASH THAT IS ATTACHED TO THE TIRES PLUS AUTO-MACHANIC SHOP! THE PROPERTY COMES WITH TIRES PLUS FLORIDA INC. ON S BABCOCK STREET AND HERTZ RENTAL CAR NEXT DOOR FACING S APPOLLO BLVD. TIRES PLUS HAS BEEN IN THIS LOCATION FOR OVER 6 YEARS AND JUST RECENTLY SIGNED A NEW 10-YEAR LEASE AT THE PROPERTY. THERE ARE TWO AUTO MACHANIC BAYS AND A CAR WASH WHICH THEY USE FOR THEIR CUSTOMERS WITH SIGNAGE DIRECTLY ON S BABCOCK STREET. HERTZ RENTAL CAR IS DIRECTLY NEXT DOOR AND HAS A LARGE OFFICE SPACE AS WELL AS MANY PARKING SPACES FOR THEIR RENTAL CARS. DUE TO THE CLOSE PROXIMITY OF THE AIRPORT, THEY HAVE BEEN AT THIS LOCATION FOR OVER 4 YEARS & JUST RECENTLY EXERCISED THEIR OPTION FOR ANOTHER 2 YEARS ON THEIR LEASE! CURRENTLY TIRES PLUS INC. PAYS ($198,000) PER YEAR, AND HERTZ RENTAL CAR PAYS ($72,000) PER YEAR. BRINGING THE SITES' TOTAL NET INCOME TO OVER $270,000 PER YEAR! BOTH LEASES ARE NNN, LEAVING THE OWNER WITH NO EXPENSES AT THIS LOCATION. EACH HAS 2% ANNUAL RENTAL INCREASE IN THEIR LEASES, AND BOTH DO FANTASTIC SALES IN THIS LOCATION! THE PROPERTY CURRENTLY BOASTS AN IN-PLACE CAP RATE OF 7.1%. WITH THE RENTAL INCREASES EVERY YEAR BUILT INTO THE CURRENT LEASES, THIS NUMBER WILL ONLY GROW! BY 2027, THE BUYER WILL EASILY SURPASS A CAP RATE OF 7.4% & THIS WILL RISE, A YEAR LATER TO A CAP RATE OF OVER 7.6%! THIS IS AN AMAZING RETURN FOR AN NNN ASSET THAT IS HANDS-OFF FOR THE BUYER & HAS TWO NATIONAL TENANTS IN PLACE ON LONG-TERM LEASES!

Contact:

Grimaldi Commercial Realty Corp.

Property Subtype:

Auto Repair

Date on Market:

2025-12-10

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Forest Plaza - 4301 N Wickham Rd

Melbourne, FL 32935

• NNN Property
• Retail for Sale
• $5,543,723 CAD
• 14,820 SF

Melbourne Retail for Sale - Brevard County

Presenting an exceptional commercial opportunity to own an impressive +/-14,820 SF multi- tenant property, 100% Occupied Located within a bustling commercial and professional hub, this well-maintained Plaza benefits from high tra?c counts ( 39,130 North / South ADTC) and excellent visibility on Wickham Road. The property features a brand-new roof and fresh exterior paint, ensuring years of reliable operation with minimal immediate maintenance concerns. These recent improvements reflect the quality construction and ongoing care that makes this investment particularly attractive. With ample parking availability and flexible space configurations, diverse tenant mix, this property accommodates business needs while maximizing rental income potential. The neighborhood's continued growth and development make this an excellent long-term investment opportunity. Whether you're seeking to establish your own business headquarters or build a diversified rental portfolio, this property combines prime location, quality construction, and income-generating potential. The building's professional appearance and strategic positioning within Melbourne's expanding commercial corridor ensure strong market appeal and tenant retention opportunities in this dynamic business environment.

Contact:

Lightle Beckner Robison, Inc.

Date on Market:

2025-11-19

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Nations Auto Glass - 15-Year Absolute NNN - 1816 S Harbor City Blvd

Melbourne, FL 32901

• NNN Property
• Retail for Sale
• $2,927,753 CAD
• 2,088 SF

Melbourne Retail for Sale - Brevard County

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.

Contact:

Century Partners Real Estate Inc.

Property Subtype:

Auto Repair

Date on Market:

2025-11-14

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7.3% CAP RATE-MELBOURNE MOBIL GAS STATION! - 601 S Babcock St

Melbourne, FL 32901

• NNN Property
• Retail for Sale
• $5,196,386 CAD
• 1,585 SF

• Air Conditioning
• Security System
• 24 Hour Access
• Controlled Access
• Restaurant
• Smoke Detector

Melbourne Retail for Sale - Brevard County

THE MELBOURNE AIRPORT MOBIL GAS STATION W/ A BRAND NEW “GO MARKET” C-STORE IS A ONE-OF-A-KIND INVESTMENT OPPORTUNITY LOCATED AT A SIGNALLIZED INTERSECTION WITH OVER 47,800 AVERAGE ANNUAL DAILY TRAFFIC COUNT. BABCOCK STREET IS THE LARGEST STREET IN THE CITY OF MELBOURNE & IS HOME TO MANY TOP RETAIL OUTFITS AND THE HIGHEST TRAFFIC COUNTS IN THE CITY! THIS 12-PUMP GAS STATION SITS DIRECTLY ACROSS THE STREET FROM THE MELBOURNE INTERNATIONAL AIRPORT & COMES WITH THE POSSIBILITY OF 100% BONUS DEPRECIATION! THE PROPERTY HAS BEEN FULLY RENOVATED AND IS IN EXCELLENT CONDITION! THIS ONE-OF-A-KIND INVESTMENT OPPORTUNITY COMES WITH A 12-PUMP STATION, A FULLY REMODELED "GO MARKET" FOOD MART, A NEW (20-YEAR) PURE NNN LEASE, STRONG HISTORIC SALES, AND A VERY SUCCESSFUL OPERATOR WHO HAS BEEN IN THE BUSINESS FOR OVER 36 YEARS & OPERATES/OWNS OVER 50 SITES IN FLORIDA! CURRENTLY, THE PROPERTY HAS A NEW 20-YEAR PURE NNN LEASE IN PLACE. THE LEASE WILL BE SIGNED AT CLOSING & RUN FOR A FULL 20-YEAR TERM. THE RENTAL RATE STARTS AT $23,000 (PER MONTH) IN 2025 & WILL INCREASE BY 10% EVERY 5 YEARS UNTIL THE END OF THE 20-YEAR TERM. THE TENANT ALSO HAS (2) FIVE-YEAR OPTIONS TO EXTEND AFTER THE EXPIRATION OF THE INITIAL LEASE TERM. THIS GIVES THE BUYER LOCKED-IN SECURITY & FANTASTIC RENTAL INCOME FOR THE NEXT 20+ YEARS. THE LEASE IS FULLY GUARANTEED & BACKED BY A MOBIL GAS AGREEMENT THROUGHOUT THE LEASE. THE PROPERTY CURRENTLY BOASTS AN IN-PLACE CAP RATE OF 7.3%. WITH THE RENTAL INCREASES EVERY 5 YEARS BUILT INTO THE CURRENT LEASE, THIS NUMBER WILL ONLY GROW! BY 2030, THE BUYER WILL EASILY SURPASS A CAP RATE OF 8% & THIS WILL RISE, 5 YEARS LATER, TO A 9% CAP RATE. BY THE FINAL YEARS OF THE ORIGINAL LEASE, THE CAP RATE WILL SURPASS 10%, AN AMAZING RETURN FOR AN NNN ASSET THAT IS HANDS-OFF FOR THE BUYER.

Contact:

Grimaldi Commercial Realty Corp.

Property Subtype:

Service Station

Date on Market:

2025-11-10

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470 Malabar Rd SE

Palm Bay, FL 32909

• NNN Property
• Office/Medical for Sale
• $2,187,952 CAD
• 4,988 SF
• 1 Unit Available

• Air Conditioning
• Wheelchair Accessible

Palm Bay Office for Sale - Brevard County

Rapidly Growing Area: 10% population growth since 2018, driven by retirees and healthcare expansion. High Visibility: Over 23,000 vehicles per day along Malabar Rd SE. Convenient Access: Just 2 miles from I-95 and near Palm Bay Shoppes. Hands-Off Ownership: Tenant covers taxes, insurance, and CAM. Tax Reassessment Protection: Tenant responsible for all property tax increases, including those triggered by a sale. Ample Parking: Designed to accommodate medical office traffic for patients and staff.

Contact:

Taiter Realty

Property Subtype:

Medical

Date on Market:

2025-10-30

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Goodyear - Vero Beach FL - 755 21st St

Vero Beach, FL 32960

• NNN Property
• Retail for Sale
• $4,075,597 CAD
• 7,667 SF

Vero Beach Retail for Sale

11+ Years Remaining | Corporate Lease Signature | Scheduled 10% Rental Increases

Contact:

SRS Real Estate Partners

Property Subtype:

Auto Repair

Date on Market:

2025-10-20

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McDonald's - 9113 Babcock St

Palm Bay, FL 32909

• NNN Property
• Retail for Sale
• $3,828,916 CAD
• 4,395 SF

Palm Bay Retail for Sale - Brevard County

CORPORATE GUARANTEE FROM CREDIT TENANT - McDonald’s has over 40,000 locations worldwide - S&P Credit Rating of BBB+ and has a market capitalization of $218B (NYSE: MCD) - Over $23B 2024 Revenue STRATEGIC CONNECTIVITY - This brand new construction is less than 3 miles from I -95 - Quick access to Palm Bay-Melbourne-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 Eddgewood at Everland’s - Across the street from Courtyard at Waterstone - Outparcel to Publix Shopping Center STRONG LEASE FUNDAMENTALS - 10% rent increase every 5 years during current term & options periods - 20-year Absolute NNN Ground lease - Ten (10) five (5) year 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 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

Contact:

Atlantic Capital Partners

Property Subtype:

Fast Food

Date on Market:

2025-10-06

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Dirty Dog's Carwash - 10 W New Haven Ave

Melbourne, FL 32901

• NNN Property
• Retail for Sale
• $6,630,905 CAD
• 2,048 SF

Melbourne Retail for Sale - Brevard County

Surmount is pleased to present the exclusive listing for a Dirty Dog's Car Wash located at 10 W New Haven Ave, Melbourne, FL 32901. The site consists of roughly 2,048 rentable square feet of building space on an estimated 0.8-acre parcel of land. This Dirty Dog's Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/15/2023. The current annual rent is $315,187 and has scheduled increases of 2.50% annually.

Contact:

Surmount

Property Subtype:

Service Station

Date on Market:

2025-09-05

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