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- LoopNet Team
1595 Palm Bay Rd NE
Palm Bay, FL 32905
Dollar Tree · Retail Property For Sale
Investment Highlights
- Dollar Tree Stores, Inc. Corporate Guaranteed Lease (NASDAQ: DLTR)
- Pandemic Proof Tenant Offering “Essential” Goods & Services
- Ideal Low Management Investment for a Passive, Out-of-State Investor
- Robust Demographics in Surrounding Area - Population of 134,134 within a 5 Mile Radius
- Strong Operating History with Three 5-Year Renewal Options with Scheduled Increases
- Located on Florida’s East Central Coast, Midway Between Jacksonville and Miami
Executive Summary
The subject property is prominently situated with excellent access and visibility at the lighted intersection of Palm Bay Road (37,000 AADT) and S Babcock Street (30,490 AADT). Babcock Street is a main thoroughfare that runs through the eastern portion of Palm Bay. It provides a direct route to Fellsmere in Indian River County from Brevard County. The site is strategically situated within a dense retail corridor kiddy corner to an established Publix anchored retail center. Additional retail centers in the surrounding area include: CVS, Cumberland Farms, Bank of America, Applebee’s, Anytime Fitness, Wendy’s, Sun Trust Bank, McDonald’s, Burger King and more. In addition, the property is located just over 5 miles from Melbourne International Airport, and 30 miles from Port Canaveral. The Property also benefits from robust demographics with over 134,000 people and 55,862 households in a five mile radius. The average household income in a five mile radius is $64,612. This property is listed in conjunction with Florida-licensed real estate broker Robert Long.
Property Facts
| Property Type | Retail | No. Stories | 1 |
| Property Subtype | Freestanding | Year Built | 1980 |
| Building Class | B | Parking Ratio | 3.67/1,000 SF |
| Lot Size | 3.62 AC | APN / Parcel ID | 28-37-21-00-00012.0-0000.00 |
| Gross Leasable Area | 23,943 SF | ||
| Zoning | CC, County | ||
| Property Type | Retail |
| Property Subtype | Freestanding |
| Building Class | B |
| Lot Size | 3.62 AC |
| Gross Leasable Area | 23,943 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 3.67/1,000 SF |
| APN / Parcel ID | 28-37-21-00-00012.0-0000.00 |
| Zoning | CC, County |
