Verizon-Anchored Retail Strip
For Sale
Contact for pricing
1445 N Courtenay Parkway, Merritt Island, FL 32953
Verizon Wireless anchors this strip center along a major retail corridor with reported visibility to 31,000+ vehicles daily.
Property SizeContact for details
Days on Market122
Property Features for 1445 N Courtenay Parkway
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
31,000 vehicles/day
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #MI 6501323470
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 12:10AM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This Verizon Wireless-anchored strip center is offered as a value-add retail property with leasing expansion contemplated on the additional 4,500 SF. Verizon Wireless originally signed a 10-year lease at the site in April 2009, with just over two years remaining on the initial term, and the option period includes a 10% rent increase.
The property is located along a major retail corridor with reported traffic visibility to more than 31,000 vehicles per day. Demographic information provided includes over 75,000 residents within 5 miles, projected to grow 3.71% to 78,377 by 2021. Average household income within 3 miles is reported to exceed $62,000, and median home value within 1 mile is reported to exceed $164,000.
Retail demand in the trade area is supported by surrounding national retailers noted in the materials, including Aldi, Dollar General Market, Target, AutoZone, Goodwill, Home Depot, BJ’s Wholesale, Ross Dress for Less, TJ-Maxx, and Publix, with the property also described as close to Merritt Square Mall.
The property is located along a major retail corridor with reported traffic visibility to more than 31,000 vehicles per day. Demographic information provided includes over 75,000 residents within 5 miles, projected to grow 3.71% to 78,377 by 2021. Average household income within 3 miles is reported to exceed $62,000, and median home value within 1 mile is reported to exceed $164,000.
Retail demand in the trade area is supported by surrounding national retailers noted in the materials, including Aldi, Dollar General Market, Target, AutoZone, Goodwill, Home Depot, BJ’s Wholesale, Ross Dress for Less, TJ-Maxx, and Publix, with the property also described as close to Merritt Square Mall.
Key Highlights
- Verizon Wireless‑anchored net lease strip center at 1445 N Courtenay Pkwy, Merritt Island, FL
- Verizon Wireless originally signed a 10‑year lease in April 2009; new owner will have just over 2 years remaining on the initial term
- Verizon lease includes a 10% rent increase during the option period
Property Analytics
Current Use
Lease Details
31,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 42%
Groceries 24%
Shops & Services 17%
Apparel 8%
Target
Superstores
69,143 visits/mo
0.1 miles
Publix
Groceries
39,502 visits/mo
0.3 miles
Goodwill
Apparel
12,721 visits/mo
0.1 miles
Cumberland Farms
Shops & Services
11,992 visits/mo
0.2 miles
Burger King
Dining
7,360 visits/mo
0.1 miles
Demographics for 32953, FL
24,430
Population
11,566
Households
2.1
Avg Household Size
51
Median Age
35%
College-Educated
95%
High-School Grad
39.8 sq mi
ZIP Area
614
Density / Sq Mi
$84,248
Median Household Income
$41,534
Median Earnings
$1,300
Median Rent
$394,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Verizon Wireless anchors this strip center along a major retail corridor with reported visibility to 31,000+ vehicles daily.
Where is this strip mall located?
The property is located at 1445 N Courtenay Parkway Merritt Island, FL.
What are key features of this property?
This property features: Verizon Wireless‑anchored net lease strip center at 1445 N Courtenay Pkwy, Merritt Island, FL; Verizon Wireless originally signed a 10‑year lease in April 2009; new owner will have just over 2 years remaining on the initial term; Verizon lease includes a 10% rent increase during the option period
