Newly Constructed Express Car
New
For Sale
$7,606,885
5985 Babcock St NE, Palm Bay, FL 32907
Absolute NNN lease extends through December 2043 with six renewal options.
Property Size5,420 SF
Lot Size1.70 Acres
Price / SF$1,403
Days on Market4
Property Features for 5985 Babcock St NE
General Information
Standard status
Active
Size
5,420 SF
Lot size
1.70 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
145,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2022
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
Fort Lauderdale
(561) 602-8390
Listed By:
Christopher Twist
(561) 602-8390
Source:
Colliers
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 5:52PM
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 Fort Lauderdale
Investment Insights
Based on property information with market context.
Completed in 2022, this express car wash includes a 5,420-square-foot facility situated on 1.70 acres. The property is leased to El Car Wash under an absolute triple net structure, with more than 17 years remaining through December 2043. The agreement also provides six five-year renewal options, 2% annual rent increases, and a corporate guaranty. Landlord obligations for maintenance, repairs, and capital expenditures are excluded under the lease, and the property may qualify for bonus depreciation.
The site is located at 5985 Babcock St NE in Palm Bay, Florida, at the Interstate 95 and Malabar Road interchange. The surrounding retail node reports more than 145,000 vehicles per day and serves the Palm Bay market within the Melbourne MSA. Aerospace and defense employment in the area includes SpaceX, L3Harris, Northrop Grumman, Blue Origin, Lockheed Martin, and the U.S. Space Force.
The site is located at 5985 Babcock St NE in Palm Bay, Florida, at the Interstate 95 and Malabar Road interchange. The surrounding retail node reports more than 145,000 vehicles per day and serves the Palm Bay market within the Melbourne MSA. Aerospace and defense employment in the area includes SpaceX, L3Harris, Northrop Grumman, Blue Origin, Lockheed Martin, and the U.S. Space Force.
Key Highlights
- 5,420‑square‑foot express car wash facility completed in 2022
- 1.70‑acre property at 5985 Babcock St NE, Palm Bay, FL 32907
- More than 145,000 vehicles per day at the Interstate 95 and Malabar Road interchange
Property Analytics
Current Use
Lease Details
145,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 32907, FL
44,432
Population
17,761
Households
2.5
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
17.7 sq mi
ZIP Area
2,510
Density / Sq Mi
$71,827
Median Household Income
$36,498
Median Earnings
$1,693
Median Rent
$253,700
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?
Car wash - Absolute NNN lease extends through December 2043 with six renewal options.
Where is this car wash located?
The property is located at 5985 Babcock St NE Palm Bay, FL.
What is the asking price?
The asking price for this property is $7,606,885.
What are key features of this property?
This property features: 5,420‑square‑foot express car wash facility completed in 2022; 1.70‑acre property at 5985 Babcock St NE, Palm Bay, FL 32907; More than 145,000 vehicles per day at the Interstate 95 and Malabar Road interchange
