Airport Retail Center with Car
For Sale
$3,500,000
665 Babcock st & 660 S Apollo Blvd, Melbourne, FL 32901
Two retail buildings support automotive service and rental-car operations under NNN lease structures.
Property Size6,960 SF
Days on Market164
Property Features for 665 Babcock st & 660 S Apollo Blvd
General Information
Standard status
Active
Size
6,960 SF
Class
C
Property subtype
Retail - Freestanding
Net Operating Income
$270,000
Site & Location
Pylon Signage
Yes
Traffic Count
47,800 vehicles/day
Road Access
Yes
Automotive
Service Bays
2
Car Wash Bays
1
Additional Details
Cap Rate
7.71%
Amenities
pylon signage
Building Details
Building Size
6,960 SF
Year Built
1969
Year Renovated
2025
Buildings
2
Units
2
Tenancy
Multi
Listing Agency:
Grimaldi Commercial Realty Corp.
(813) 088-0884
Listed By:
David Rosenthal
Source:
Commercialcafe
Added: Mar 20
Changed: Aug 29
Last Checked: Aug 30 at 12:50PM
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 Grimaldi Commercial Realty Corp.
Investment Insights
Based on property information with market context.
This shopping center comprises two retail buildings at 665 Babcock St. and 660 S Apollo Blvd. Tires Plus Florida Inc. occupies a building with two auto mechanic bays, an attached customer car wash, pylon signage, and a recently executed 10-year lease. The neighboring Hertz Rental Car space includes a large office and parking for rental vehicles. Both occupants operate under NNN leases, with tenants responsible for property repairs, maintenance, utilities, CAM charges, property taxes, and insurance.
The property is directly across from Melbourne International Airport at a signalized intersection on S Babcock Street, with 47,800 average annual daily traffic. Pylon signage faces S Babcock Street, and the site sits next to a mobile gas station and Re-Up convenience store. Tires Plus has 2% annual rental increases, while Hertz has exercised a further 2-year lease option. The attached car wash makes the site eligible for 100% bonus depreciation.
The property is directly across from Melbourne International Airport at a signalized intersection on S Babcock Street, with 47,800 average annual daily traffic. Pylon signage faces S Babcock Street, and the site sits next to a mobile gas station and Re-Up convenience store. Tires Plus has 2% annual rental increases, while Hertz has exercised a further 2-year lease option. The attached car wash makes the site eligible for 100% bonus depreciation.
Key Highlights
- Two retail buildings occupied by Tires Plus Florida Inc. and Hertz Rental Car
- 47,800 average annual daily traffic at a signalized intersection across from Melbourne International Airport
- Tires Plus building includes two auto mechanic bays and an attached customer car wash
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
47,800 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
28k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 29%
Beauty & Spa 7%
SONIC Drive In
Dining
12,212 visits/mo
0.1 miles
Hooters
Dining
5,413 visits/mo
0.3 miles
BP
Shops & Services
5,070 visits/mo
0.1 miles
TD Bank
Shops & Services
3,078 visits/mo
0.4 miles
Salon Centric
Beauty & Spa
1,883 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
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Florida Marketplace — 1328 S Babcock St, Melbourne, FL 32901
- Edgardo Mabama — 1363 S Babcock St, Melbourne, FL 32901
- Nasa Plaza — 789 S Babcock St, Melbourne, FL 32901
Frequently Asked Questions
What type of property is this?
Shopping center - Two retail buildings support automotive service and rental-car operations under NNN lease structures.
Where is this shopping center located?
The property is located at 665 Babcock st & 660 S Apollo Blvd Melbourne, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Two retail buildings occupied by Tires Plus Florida Inc. and Hertz Rental Car; 47,800 average annual daily traffic at a signalized intersection across from Melbourne International Airport; Tires Plus building includes two auto mechanic bays and an attached customer car wash
