Income Property-US192 across Melbourne Square
Property Details
Property Description
1445 W New Haven Ave. Property Website
Sale Overview
- NOI: $154,272
-
• Tires Plus - lease exp 2019 - two 5-year options with 10% increases
• Dent Doctor - lease exp 11/2017 - 3% annual increases - two 5-year options - Lot Size: .95 Acre
- Building Size: 8,322 SF
- Year Built: 1998
- Zoning: IB – Integrated Business (FLU is same)
- City of West Melbourne
- Market: Melbourne/Palm Bay/Titusville
- Sub-Market: West Melbourne
- Traffic Count: 33,680 AADT (2014)
- PARCEL ID: 28-37-05-77-00005.0-0001.00
PROPERTY DESCRIPTION This is a two-tenant retail income property situated in the midst of high-volume national retail tenants directly on South Brevard’s major retail corridor—US 192 (New Haven Ave.).
HIGHLIGHTS
Tires Plus Corporate Lease
Tires Plus pays CAM, Taxes and Insurance on entire property
Tires Plus operates over 500 stores across 23 states and has over 5,000 employees
US 192 frontage
Across from Melbourne Square Mall, an 850,000 sf indoor mall
Mall location includes: Victoria’s Secret, White House Black Market, American Eagle Outfitters, Dick’s Sporting Goods, Bath & Body Works, GapKids, Macy*s, JCPenney, Dillard’s
Surrounding restaurants: Outback, Smokey Bones, BJs Restaurant and Brewhouse, Red Robin, Chipotle, TooJays, Rodizio Brazilian Grill, Red Ginger, Steak-N-Shake, Jasons Deli, TGIFridays and Cheddars