Strickland Brothers Auto
For Sale
Contact for pricing
4825 Babcock St NE, Palm Bay, FL 32905
Automotive property occupied by Strickland Brothers Oil under a lease extending through 2029.
Property Size1,950 SF
Days on Market143
Property Features for 4825 Babcock St NE
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Retail
Net Operating Income
$42,200
Financials
Asking Price
$770,000
Cap Rate
6%
Additional Details
Traffic Count
35,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
ELKPENN
(407) 733-6672
Listed By:
Zach High · License #BK3361651
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 11:46PM
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 ELKPENN
Investment Insights
Based on property information with market context.
This 1,950-square-foot auto shop at 4825 Babcock St NE in Palm Bay is occupied by Strickland Brothers Oil. The existing lease runs through 4/30/2029 and includes two additional 5-year options, with 10% escalations every five years.
The property fronts Babcock Street in Palm Bay and benefits from reported traffic volume of 35,000 AADT. The offering reflects a 6% cap rate and combines an established automotive use with a defined lease term and contractual extension options.
The property fronts Babcock Street in Palm Bay and benefits from reported traffic volume of 35,000 AADT. The offering reflects a 6% cap rate and combines an established automotive use with a defined lease term and contractual extension options.
Key Highlights
- 1,950‑square‑foot auto shop occupied by Strickland Brothers Oil
- Lease expiration: 4/30/2029
- Options: 2 (5yr)
Property Analytics
Current Use
Lease Details
35,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Home Improvements & Furnishings 44%
Extra Space Storage
Shops & Services
603 visits/mo
0.3 miles
City Electric Supply
Home Improvements & Furnishings
472 visits/mo
0.4 miles
Demographics for 32905, FL
26,064
Population
12,635
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,687
Density / Sq Mi
$56,671
Median Household Income
$31,688
Median Earnings
$1,361
Median Rent
$206,200
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?
Auto shop - Automotive property occupied by Strickland Brothers Oil under a lease extending through 2029.
Where is this auto shop located?
The property is located at 4825 Babcock St NE Palm Bay, FL.
What are key features of this property?
This property features: 1,950‑square‑foot auto shop occupied by Strickland Brothers Oil; Lease expiration: 4/30/2029; Options: 2 (5yr)
