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601 S Babcock St
Melbourne, FL 32901 Melbourne

$3,800,000 USD

Service Station For Sale  •  1,585 SF

Property Details

  • Property Type Service Station
  • Total Building Size 1,585 SF
  • Lot Size 0.66 AC
  • Building Class B
  • Year Built 1993
  • Tenancy Single
  • Zoning CCP
0 Transit Score
50 Walk Score

Highlights

NEW 12-PUMP MOBIL GAS STATION WITH SIGNATURE "GO MARKET" C-STORE IN MELBOURNE, FL!
LOCATED DIRECTLY ACROSS THE STREET FROM THE MELBOURNE INTERNATIONAL AIRPORT! 20-YEAR PURE NNN LEASE WITH TWO 5-YEAR OPTIONS!
100% BONUS DEPRECATION! 7.3% CAP RATE IN 2025! 8% CAP RATE IN 2030! 9% CAP RATE IN 2035! 10% CAP RATE IN 2040! 9% AVERAGE 20-YEAR CAP RATE IN 2045
ABSOLUTE PURE NNN LEASE STRUCTURE IN PLACE, ELIMINATING ALL LANDLORD RESPONSIBILITIES! 10% RENTAL INCREASES EVERY 5 YEARS THROUGHOUT THE LEASE!
RECENT SITE RENOVATIONS INCLUDE NEW HVAC, TANKS, PUMPS, FRONT CANOPY, SIGNAGE, PAINT, AND A NEWLY RENOVATED INSIDE STORE WITH MANY INTERIOR UPDATES!
STRONG TENANT IN PLACE WITH OVER 35 YEARS OF GAS STATION OPERATION EXPERIENCE AND EXTREMELY STRONG FINANCIALS!

Amenities

  • 24 Hour Access
  • Banking
  • Controlled Access
  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Signalized Intersection
  • Skylights
  • Tenant Controlled HVAC
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 8 min - 2.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 50
Type: Surface
Included in Rent: Yes
David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.
David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.