Triple-Net Shopping
For Sale
Contact for pricing
1450 N Courtenay Pkwy, Merritt Island, FL 32953
Triple-net shopping center 98% leased to national tenants with recent capital improvements and visibility to 30,000+ vehicles daily.
Property Size108,975 SF
Days on Market54
Property Features for 1450 N Courtenay Pkwy
General Information
Standard status
Active
Size
108,975 SF
Property subtype
RETAIL
Occupancy
98%
Listing Agency:
Avison Young | Orlando
(407) 219-3500
Listed By:
John K. Crotty · License #SL3079722025
(305) 447-7865
Source:
Moodyscre
Added: Jul 21
Changed: Aug 14
Last Checked: Sep 11 at 11:14AM
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 Avison Young | Orlando
Investment Insights
Based on property information with market context.
This triple-net shopping center is approximately 98% leased to national tenants. The property has benefited from $8M in recent capital improvements and features stable triple-net lease structures intended to support steady cash flow with minimal landlord responsibilities.
Located at 1450 N Courtenay Pkwy in Merritt Island, the center sits on the area’s primary commercial corridor with visibility to over 30,000 vehicles daily. The ownership experience includes value-add potential tied to several tenants currently paying below-market rent, along with two undeveloped outparcels.
The offering is presented as a NNN investment with an emphasis on current occupancy strength and potential improvements through lease and outparcel development opportunities.
Located at 1450 N Courtenay Pkwy in Merritt Island, the center sits on the area’s primary commercial corridor with visibility to over 30,000 vehicles daily. The ownership experience includes value-add potential tied to several tenants currently paying below-market rent, along with two undeveloped outparcels.
The offering is presented as a NNN investment with an emphasis on current occupancy strength and potential improvements through lease and outparcel development opportunities.
Key Highlights
- 98% leased triple‑net shopping center to national tenants
- Recent $8M in capital improvements
- Stable triple‑net leases designed for steady cash flow with minimal landlord responsibilities
Property Analytics
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Current Use
Lease Details
98%
Occupancy
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
173k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Groceries 23%
Shops & Services 21%
Apparel 7%
Target
Superstores
69,143 visits/mo
0.4 miles
Publix
Groceries
39,502 visits/mo
0.5 miles
Goodwill
Apparel
12,721 visits/mo
0.1 miles
Cumberland Farms
Shops & Services
11,992 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,402 visits/mo
0.4 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
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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?
Shopping center - Triple-net shopping center 98% leased to national tenants with recent capital improvements and visibility to 30,000+ vehicles daily.
Where is this shopping center located?
The property is located at 1450 N Courtenay Pkwy Merritt Island, FL.
What are key features of this property?
This property features: 98% leased triple‑net shopping center to national tenants; Recent $8M in capital improvements; Stable triple‑net leases designed for steady cash flow with minimal landlord responsibilities
