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665 S Babcock St
Melbourne, FL 32901 Melbourne

$3,800,000 USD

Auto Repair For Sale • 3,600 SF

Property Details

Property Type Auto Repair
Total Building Size 6,890 SF
Lot Size 1.1 AC
Building Class C
Year Built 2008
Tenancy Multiple
Zoning 2720

0 Transit Score

50 Walk Score

                
                    Highlights
                
                                RETAIL CENTER DIRECTLY ACROSS FROM MELBOURNE INTERNATIONAL AIRPORT! PYLON SIGNAGE ON S BABCOCK STREET, THE LARGEST STREET IN ALL OF MELBOURNE, FL!
                            
                                00% BONUS DEPRECIATION ELIGIBLE WITH A CAR WASH ON-SITE CONNECTED TO THE TIRE SHOP! 
                            
                                HERTZ RENTAL CAR AND TIRES PLUS FL INC. HAVE OCCUPIED THEIR RENTAL SPACES FOR OVER 4 YEARS EACH!
                            
                                7.11 CAP RATE IN-PLACE!  7.2% CAP RATE IN 2026!  7.4% CAP RATE IN 2027!  7.6% CAP RATE IN 2028!
                            
                                2% RENTAL BUMPS EVERY YEAR ON THE NEW 10-YEAR LEASE SIGNED BY TIRE PLUS FL.
                            
                                TENNANTS RESPONSIBLE FOR ALL MAINTENANCE AND REPAIRS AT THE PROPERTY!

Property Flyers

*Melbourne Airport Retail Center For Sale!

Amenities

24 Hour Access
Fenced Lot
Pylon Sign
Security System
Signage
Signalized Intersection
Skylights
Tenant Controlled HVAC
Wheelchair Accessible
Monument Signage
Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Melbourne Orlando International	8 min	-	2.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

David Rosenthal 813-245-7333 Grimaldi Commercial Realty Corp.

665 S Babcock St Melbourne, FL 32901 Melbourne