303 E Eau Gallie Blvd
Melbourne, FL 32937
Verizon Net lease investment · Retail Property For Sale

Freestanding building measuring about 6405 SF, completely renovated by the tenant just a few years back on a 37,461 SF lot. The property is net leased to Cellular Sales one of the largest Verizon retailer in the country operating over 600 stores in about 38 states. The tenant renewed the lease early for another five years. The lease is an absolute NNN lease and the tenant is responsible for all expenses. Very low rent per SF, presenting a good upside potential. 2.25% annual rent increase. Excellent demographics. High visibility location situated on the main road to the beach side and between Panera Bread and TD bank and across from very busy Publix. Other neighboring retailers include Wendy's, Bank of America, Bealls, Ross for less, Texas Roadhouse, Regions Bank just to name a few.