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McDonald's 9113 Babcock St 4,395 SF Retail Building Palm Bay, FL 32909 $2,800,000 ($637.09/SF) 3.75% Cap Rate
Investment Highlights
- CORPORATE GUARANTEE FROM CREDIT TENANT
- PUBLIX OUTPARCEL & NEW DEVELOPMENT
- LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY
Executive Summary
CORPORATE GUARANTEE FROM CREDIT TENANT
- McDonald’s has over 40,000 locations worldwide
- S&P Credit Rating of BBB+ and has a market capitalization of $218B (NYSE: MCD)
- Over $23B 2024 Revenue
STRATEGIC CONNECTIVITY
- This brand new construction is less than 3 miles from I -95
- Quick access to Palm Bay-Melbourne-Titusville regional market
- 242 feet of frontage and excellent visibility
PUBLIX OUTPARCEL & NEW DEVELOPMENT
- Immediate trade area features multiple master planned residential communities under construction
- Cypress Bay Preserve. Emerald Lakes and Eddgewood at Everland’s
- Across the street from Courtyard at Waterstone
- Outparcel to Publix Shopping Center
STRONG LEASE FUNDAMENTALS
- 10% rent increase every 5 years during current term & options periods
- 20-year Absolute NNN Ground lease
- Ten (10) five (5) year option periods
BREVARD COUNTY ECONOMIC DRIVERS
- Anchored by aerospace, defense, and high-tech employers
- L3Harris (8,000+ employees), Northrop Grumman (6,500+ employees), and Lockheed Martin contribute to consumer spending
LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY
- AHHI exceeds $180K in a 1-mile radius
- Within the rapidly growing Palm Bay–Melbourne–Titusville MSA (600,000+ residents)
- Palm Bay is the largest city in Brevard County (127,000+ residents) and benefits from strong aerospace, defense, and tech employment clusters led by Lockheed Martin, L3Harris, and Northrop Grumman
- Potential customers with an AHHI greater than $160,000
- McDonald’s has over 40,000 locations worldwide
- S&P Credit Rating of BBB+ and has a market capitalization of $218B (NYSE: MCD)
- Over $23B 2024 Revenue
STRATEGIC CONNECTIVITY
- This brand new construction is less than 3 miles from I -95
- Quick access to Palm Bay-Melbourne-Titusville regional market
- 242 feet of frontage and excellent visibility
PUBLIX OUTPARCEL & NEW DEVELOPMENT
- Immediate trade area features multiple master planned residential communities under construction
- Cypress Bay Preserve. Emerald Lakes and Eddgewood at Everland’s
- Across the street from Courtyard at Waterstone
- Outparcel to Publix Shopping Center
STRONG LEASE FUNDAMENTALS
- 10% rent increase every 5 years during current term & options periods
- 20-year Absolute NNN Ground lease
- Ten (10) five (5) year option periods
BREVARD COUNTY ECONOMIC DRIVERS
- Anchored by aerospace, defense, and high-tech employers
- L3Harris (8,000+ employees), Northrop Grumman (6,500+ employees), and Lockheed Martin contribute to consumer spending
LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY
- AHHI exceeds $180K in a 1-mile radius
- Within the rapidly growing Palm Bay–Melbourne–Titusville MSA (600,000+ residents)
- Palm Bay is the largest city in Brevard County (127,000+ residents) and benefits from strong aerospace, defense, and tech employment clusters led by Lockheed Martin, L3Harris, and Northrop Grumman
- Potential customers with an AHHI greater than $160,000
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,395 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$2,800,000
Price Per SF
$637.09
Cap Rate
3.75%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.54 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- McDonald's
- Retailer
- 4,395 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| McDonald's | Retailer | 4,395 SF | - | Triple Net | - |
Contacts
-
David Hoppe -
Ben Olmstead -
Patrick Wagor -
Connor Kuchman -
Ben McCarter -
Atlantic Capital Partners
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McDonald's | 9113 Babcock St
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