Fifth Third Bank | 3035 W New Haven Ave
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Fifth Third Bank 3035 W New Haven Ave
5,224 SF Retail Building Melbourne, FL 32904 $4,000,000 ($766/SF) 4.50% Cap Rate
Investment Highlights
- Leased to Fifth Third Bank who is rated A- by Standard and Poor’s.
- Situated near national anchor tenants located nearby such as The Home Depot, Lowe’s, Target, Sam’s Club, and Publix.
- Property is located in a high income market of Southeast Florida with incomes in excess of $94,000 within one mile.
- 20 year Absolute NNN Ground lease providing passive ownership.
- Well positioned off the signalized intersection of Minton Rd and W New Haven Ave which has a traffic count of ~ 68,000 VPD.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,224 SF
Building Class
C
Year Built
1963
Price
$4,000,000
Price Per SF
$766
Cap Rate
4.50%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.74 AC
Zoning
C-2 - General Commercial District
Parking
28 Spaces (5.36 Spaces per 1,000 SF Leased)
Frontage
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 28-36-01-76-00000.0-0035.00 | Improvements Assessment | $567,050 |
| Land Assessment | $448,970 | Total Assessment | $1,016,020 |
PROPERTY TAXES
Parcel Number
28-36-01-76-00000.0-0035.00
Land Assessment
$448,970
Improvements Assessment
$567,050
Total Assessment
$1,016,020
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Fifth Third Bank | 3035 W New Haven Ave
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