2730 Palm Bay Rd, Palm Bay, FL 32905
- Retail properties & Spaces
- 15,810 SF
- 1.62 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 2730 Palm Bay Rd
- Lot size
- 1.62 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 15,810-square-foot, free-standing auto shop in Palm Bay, Florida. The property, located at 2730 Palm Bay Rd NE, is a Class C retail building operating under a Net Lease (NNN) agreement with Gerber Collision & Glass, a tenant with a corporate guarantee from the publicly traded Boyd Group. The tenant has occupied the 1.62-acre site since January 2, 2015, demonstrating a long-term commitment. The property boasts a strong location along Palm Bay Road, experiencing over 38,225 vehicles per day. The surrounding area features a robust population exceeding 108,968 residents within a five-mile radius, and is conveniently situated approximately one hour from Orlando. Nearby prominent retailers include Walmart, Walgreens, Publix, Starbucks, Cracker Barrel, Bass Pro Shop, and Target, further enhancing the property's visibility and desirability. The asking price is $2,500,000, translating to $158.13 per square foot. This represents a secure, passively managed investment with a strong tenant and excellent location. The property offers a 100% occupancy rate, providing immediate and consistent cash flow.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.5903
- Latitude
- 28.0345
