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Cumberland Farms 1000 W New Haven Ave

4,814 SF Retail Building West Melbourne, FL 32904 $2,850,000 ($592/SF) 5% Cap Rate

Retail Space Florida West Melbourne 1000 W New Haven Ave, West Melbourne, FL 32904

Investment Highlights

  • Highly Secure Investment - Strong Guarantor & Low Rent
  • Substantial Big Box Retail Development in Immediate Area
  • Near Proximity to Anchor Tenants Macy's, Target, Dick's Sporting Goods, and Best Buy
  • Hard Corner, Infill Location - 45,000 ADT
  • Ground Lease
  • Local Attractions Nearby Include Brevard Zoo, Port Canaveral and Kennedy Space Center

Executive Summary

Low rent Cumberland Farms C-Store Ground Lease with strong traffic counts and population in a heavy retail trade area.

Attachments

Cumblerland Farms - Melbourne, FL OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,814 SF
Building Class
C
Year Built
2015
Price
$2,850,000
Price Per SF
$592
Cap Rate
5%
NOI
$142,572
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.33 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Frontage
350 FT on West New Haven Avenue

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Cumberland Farms
  • Retailer
  • 4,814 SF
  • -
  • Triple Net
  • Jul 2030
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Cumberland Farms Retailer 4,814 SF - Triple Net Jul 2030
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Nearby Major Retailers

Regions Bank
Starbucks
Jenny Craig
Smokey Bones
Beef O' Brady's
Crunch
keke's Breakfast Cafe
BJ's Restaurant & Brewhouse
Steak ‘n Shake
Outback Steakhouse

PROPERTY TAXES

Parcel Number 28-37-05-00-00019.0-0000.00 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,528,780

PROPERTY TAXES

Parcel Number
28-37-05-00-00019.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,528,780
(314) 833-4390

Contact

  • Listing ID: 29820760

  • Date on Market: 10/18/2023

  • Last Updated:

  • Address: 1000 W New Haven Ave, West Melbourne, FL 32904

More public record information on 1000 W New Haven Ave, West Melbourne, FL 32904

The Retail Property at 1000 W New Haven Ave, West Melbourne, FL 32904 is currently available for sale. Contact IEB Real Estate for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1000 W New Haven Ave, West Melbourne, FL for sale Primary Photo- Image 1 of 5
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1000 W New Haven Ave, West Melbourne, FL for sale Building Photo- Image 2 of 5
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1000 W New Haven Ave, West Melbourne, FL for sale Building Photo- Image 4 of 5
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Cumberland Farms | 1000 W New Haven Ave
(314) 833-4390 x

Cumberland Farms | 1000 W New Haven Ave

Andrew Medler

(314) 833-4390

(314) 833-4390

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