Retail Outparcel with Walgreens
For Sale
$5,850,000
765 S Babcock St, Melbourne, FL 32901
For-sale retail outparcel leased to Walgreens as a long-term operating tenant.
Property SizeContact for details
Days on Market99
Property Features for 765 S Babcock St
General Information
Standard status
Active
Property subtype
Shopping Center or Multi-Tenant Building
Listed By:
Anthony Blanco
(305) 262-8877
Source:
Tscg
Added: Jul 22
Changed: Oct 26
Last Checked: Oct 26 at 2:10PM
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 Anthony Blanco
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Investment Insights
Based on property information with market context.
The property is a retail outparcel that is leased to Walgreens, with a long-term, functioning tenant base. The offering is positioned for value-add through lease-up, with the goal of building embedded rent growth as additional space is brought online.
Located at 765 S Babcock St in Melbourne, Florida, the property is described as an infill site within an aerospace-driven MSA, which supports durable daytime demand in the surrounding area.
Located at 765 S Babcock St in Melbourne, Florida, the property is described as an infill site within an aerospace-driven MSA, which supports durable daytime demand in the surrounding area.
Key Highlights
- For‑sale retail outparcel leased to Walgreens as a long‑term operating tenant
- Functioning tenant base with Walgreens occupying the outparcel on a long‑term basis
- Infill location within an aerospace‑driven MSA, supporting daytime traffic
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,497
Businesses Nearby
44k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 22%
Beauty & Spa 4%
Starbucks
Dining
13,544 visits/mo
0.4 miles
SONIC Drive In
Dining
12,212 visits/mo
0.3 miles
Hooters
Dining
5,413 visits/mo
0.2 miles
BP
Shops & Services
5,070 visits/mo
0.2 miles
TD Bank
Shops & Services
3,078 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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Gerard Romaine — 1411 S Babcock St, Melbourne, FL 329013024
- Tuyetduyen Nguyen — 1411 S Babcock St, Melbourne, FL 329013024
- Health First Family Pharmacy — 1350 Hickory St #3224, Melbourne, FL 32901
- DialDoc — 1499 S Harbor City Blvd Ste 302, Melbourne, FL 32901
- Canadian Meds of Melbourne — 1344 S Apollo Blvd Ste 2C, Melbourne, FL 32901
Frequently Asked Questions
What type of property is this?
Drug store - For-sale retail outparcel leased to Walgreens as a long-term operating tenant.
Where is this drug store located?
The property is located at 765 S Babcock St Melbourne, FL.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: For‑sale retail outparcel leased to Walgreens as a long‑term operating tenant; Functioning tenant base with Walgreens occupying the outparcel on a long‑term basis; Infill location within an aerospace‑driven MSA, supporting daytime traffic
