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Wawa - Merritt Island FL 435 Merritt Island cswy

6,119 SF 4-Star Retail Building Merritt Island, FL 32952 $6,086,000 ($995/SF) 4.60% Cap Rate

Retail Buildings Florida Merritt Island 435 Merritt Island cswy, Merritt Island, FL 32952

Investment Highlights

  • Fronting E Merritt Island Causeway | Main Retail Corridor | Part of Larger Development | Nearby New Developments
  • Brand New Construction | Corporate Guaranteed (Fitch: BBB) | Scheduled Rental Increases | Options to Extend
  • Local Demographics in 5-Mile Trade Area | FL’s Space Coast | Merritt Island - Desirable Location

Executive Summary

Brand New Construction | Surrounding New Developments | Florida’s Space Coast - High Growth Area

Attachments

Merritt Island FL - Wawa

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,119 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Construction Status
Under Construction
Price
$6,086,000
Price Per SF
$995
Cap Rate
4.60%
NOI
$280,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
2.34 AC
Zoning
BU-2 - Special Business Use Zoning Districts
Frontage
153 FT on Florida 520

Amenities

  • Air Conditioning
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Nearby Major Retailers

China Max
Outback Steakhouse
Cajun Cafe
Truist
Five Guys
Chili's
Starbucks
Td Bank
Chase
Steak ‘n Shake

PROPERTY TAXES

Parcel Number 24-36-36-00-00255.3-0000.00 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,878,960

PROPERTY TAXES

Parcel Number
24-36-36-00-00255.3-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,878,960
(954) 302-7365

  • Listing ID: 32248247

  • Date on Market: 6/25/2024

  • Last Updated:

  • Address: 435 Merritt Island cswy, Merritt Island, FL 32952

More public record information on 435 Merritt Island cswy, Merritt Island, FL 32952

The Retail Property at 435 Merritt Island cswy, Merritt Island, FL 32952 is currently available For Sale. Contact SRS Real Estate Partners for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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435 Merritt Island cswy, Merritt Island, FL for sale Primary Photo- Image 1 of 10
Merritt Island FL - Wawa
435 Merritt Island cswy, Merritt Island, FL for sale Building Photo- Image 2 of 10
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435 Merritt Island cswy, Merritt Island, FL for sale Building Photo- Image 4 of 10
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435 Merritt Island cswy, Merritt Island, FL for sale Building Photo- Image 5 of 10
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435 Merritt Island cswy, Merritt Island, FL for sale Building Photo- Image 6 of 10
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435 Merritt Island cswy, Merritt Island, FL for sale Building Photo- Image 7 of 10
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435 Merritt Island cswy, Merritt Island, FL for sale Building Photo- Image 9 of 10
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Wawa - Merritt Island FL | 435 Merritt Island cswy
(954) 302-7365 x

Wawa - Merritt Island FL | 435 Merritt Island cswy

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Patrick Nutt

(954) 302-7365

(954) 302-7365

William Wamble

(813) 371-1079

(813) 371-1079

Kyle Fant

(973) 632-1386

(973) 632-1386

Britt Raymond

(929) 229-2614

(929) 229-2614

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