Retail Outparcel with Walgreens
765 S Babcock St Melbourne, FL 32901
New
For Sale
$5,850,000
For-sale retail outparcel leased to Walgreens as a long-term operating tenant.
Days on Market5
Property Features for 765 S Babcock St
General Information
- Standard status
- Active
- Property subtype
- Shopping Center or Multi-Tenant Building
Listing Agency:
(305) 262-8877
Listed By:
Anthony Blanco
Source:
Theshoppingcentergroup
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 26 at 7:57AM
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
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
Location Intelligence
Current Use by Public Records
PeopleReady
Business Service Center
Similar Off Market Nearby
- Canadian Meds of Melbourne — 1344 S Apollo Blvd Ste 2C, Melbourne, FL 32901
- Health First Family Pharmacy — 1350 Hickory St #3224, Melbourne, FL 32901
- DialDoc — 1499 S Harbor City Blvd Ste 302, Melbourne, FL 32901
- Gerard Romaine — 1411 S Babcock St, Melbourne, FL 329013024
- Tuyetduyen Nguyen — 1411 S Babcock St, Melbourne, FL 329013024
FAQs
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
