Retail Outparcel with Walgreens
For Sale
$5,850,000
765 S Babcock St, Melbourne, FL 32901
For-sale retail outparcel leased to Walgreens as a long-term operating tenant.
Property SizeContact for details
Days on Market52
Property Features for 765 S Babcock St
General Information
Standard status
Active
Property subtype
Shopping Center or Multi-Tenant Building
Listed By:
Anthony Blanco
(305) 262-8877
Source:
Tscg
Added: Jul 22
Changed: Sep 10
Last Checked: Sep 10 at 7:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anthony Blanco
Investment Insights
Based on property information with market context.
The property is a retail outparcel that is leased to Walgreens, with a long-term, functioning tenant base. The offering is positioned for value-add through lease-up, with the goal of building embedded rent growth as additional space is brought online.
Located at 765 S Babcock St in Melbourne, Florida, the property is described as an infill site within an aerospace-driven MSA, which supports durable daytime demand in the surrounding area.
Located at 765 S Babcock St in Melbourne, Florida, the property is described as an infill site within an aerospace-driven MSA, which supports durable daytime demand in the surrounding area.
Key Highlights
- For‑sale retail outparcel leased to Walgreens as a long‑term operating tenant
- Functioning tenant base with Walgreens occupying the outparcel on a long‑term basis
- Infill location within an aerospace‑driven MSA, supporting daytime traffic
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,497
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 22%
Beauty & Spa 4%
Starbucks
Dining
13,544 visits/mo
0.4 miles
SONIC Drive In
Dining
12,212 visits/mo
0.3 miles
Hooters
Dining
5,413 visits/mo
0.2 miles
BP
Shops & Services
5,070 visits/mo
0.2 miles
TD Bank
Shops & Services
3,078 visits/mo
0.2 miles
Demographics for 32901, FL
26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - For-sale retail outparcel leased to Walgreens as a long-term operating tenant.
Where is this drug store located?
The property is located at 765 S Babcock St Melbourne, FL.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: For‑sale retail outparcel leased to Walgreens as a long‑term operating tenant; Functioning tenant base with Walgreens occupying the outparcel on a long‑term basis; Infill location within an aerospace‑driven MSA, supporting daytime traffic
