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Property profile & analytics
OFF-MARKET
Power centers

125 Merritt Island Cswy Merritt Island, FL 32952

91,938 SF
Property ID
Property summary
AI-generated overview

First Merritt Center offers exceptional retail opportunities in a thriving Brevard County location. This power center boasts 91,938 square feet of gross leasable area (GLA), with inline spaces ranging from approximately 700 to 4,200 square feet currently available for lease. The center enjoys prime visibility and accessibility, featuring seven convenient access points off the Merritt Island Causeway. Its strategic location benefits from a strong demographic profile, with a population of 39,892 and an average household income of $96,540 within a three-mile radius. Furthermore, the center's proximity to major employment centers and tourist attractions significantly enhances its appeal. A new, seven-story, 120-bed Merritt Island Hospital is under construction just 1.3 miles away, promising increased foot traffic and consumer spending. The center is also conveniently located 8.9 miles from Port Canaveral, a major cruise port attracting approximately 5 million visitors annually, and within close proximity to both the Cape Canaveral Space Force Station (15 miles, 15,000 employees) and the Kennedy Space Center (11.9 miles, 12,857 employees). This combination of factors creates a compelling investment opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area. The minimum divisible space is 700 square feet, with a maximum contiguous space of 5,000 square feet; currently, 5,700 square feet is vacant. This Publix-anchored center presents a unique chance to establish a presence in a dynamic and high-demand market.

Property profile
Verified
Property type Power centers
Total area 91,938 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TransitNews.net (Bike/Boat/Book/etc) Store Corporate Office
  • Vet Wellcare Vaccinations Clinic at Pet Supermarket Veterinary Clinic
  • Florida Association of Plumbing, Heating, Cooling, Contractors HVAC Service General Contractor
  • Hibiscus Dental Dental Office
  • RV Safety & Education Foundation Charitable Organization
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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