1300 Palm Bay Rd | Palm Bay, FL 32905
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- LoopNet Team
1300 Palm Bay Rd
Palm Bay, FL 32905
COOKIES STRIP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Passive Lease Structure: NNN recovery structure across all leases. Tenants pay for taxes, insurance, and common area maintenance of the building.
- High Yielding Investment: This investment is offered at an appealing 7.30% CAP rate and all tenants in the strip center have annual rental increases.
- Proximity to Highway: Subject property is located approximately 1.2 Miles East from the I-95 Ramp.
- Long-Term Billboard Income (Digital): The property contains a Digital Clear Channel Billboard lease that has over 8 years remaining on the lease.
- Established Tenant: Bizzarro’s Pizza has been a successful, longstanding tenant at this location for nearly 20 years, demonstrating strong customer.
PROPERTY FACTS
Property Type
Retail
Building Size
4,205 SF
Building Class
C
Year Built
1981
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.68 AC
Zoning
CC - Commercial
Frontage
180’ on Palm Bay Rd
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 28-37-21-50-01692.0-0001.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $754,880 |
PROPERTY TAXES
Parcel Number
28-37-21-50-01692.0-0001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$754,880
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