5050 Minton NW Rd, Palm Bay, FL 32907-1109
- Commercial land
- 3,200 SF
- 1.04 lot acres
Current Use by Public Records
- Commercial land
Property Details for 5050 Minton NW Rd
- Year built
- 1997
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.04 lot acres
- Zone code
- CC
- Property type
- Commercial land
- APN
- 28-36-24-KR-02471.0-0023.00
- APU
- 283624KR024710002300
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 26, 2025 | $4,700,000 | Cw261 LLC | Bw Palm Bay Minton LLC | Special Warranty Deed | $2.9M · Ecpm LLC Series L |
| Oct 6, 2022 | $1,300,000 | Bw Palm Bay Minton LLC | M & R United INC | Special Warranty Deed | $3.3M · Pinncacle Bank |
| May 26, 2021 | — | M & R United INC | — | Deed · related | — |
| Mar 25, 2003 | $595,000 | M & R United INC | Hutson,richard M Tr | Grant Deed | $680k · Republic Bank |
| Feb 8, 2001 | $800,000 | Camp Leasing Ventures LLC | Camp Oil Co | Grant Deed · related | — |
| — | — | M & R United INC | — | Loan Modification · related | $800k · Branch Banking & Trust Co |
Description
This exceptional investment opportunity presents a brand-new, 3,763 square foot Caliber Car Wash located in Palm Bay, Florida. Built in 2024, this property sits on a 1.04-acre lot at 5050 Minton Rd, 32907, boasting a prime location with high visibility. The property benefits from a 20-year absolute NNN lease commencing February 29, 2024, and expiring February 29, 2044, with a remaining term of 19.3 years. The lease includes annual rent bumps of 1.5%, ensuring consistent income growth. The tenant is credit-rated, mitigating risk. The property generates a substantial Net Operating Income (NOI) of $335,000, resulting in a compelling 6.50% cap rate. The asking price is $5,154,000. This car wash benefits from its strategic location on Minton Road (44,300 vehicles per day) and proximity to I-95 (80,000 VPD), Hammock Landing (a power center with national tenants like Kohl's, Target, and Ross), and Palm Crossing (a Publix-anchored shopping center). The strong demographics of the area, with over 154,000 residents and 56,000 employees within a 5-mile radius and an average household income of $88,831 within a 1-mile radius, further enhance the investment potential. The lease includes four 5-year renewal options. This is a rare opportunity to acquire a high-performing, long-term investment in a rapidly growing market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.6721
- Latitude
- 28.0341
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
