665 Apollo Blvd Melbourne, FL 32901-1485

This exceptional investment opportunity presents a single-tenant, 9,028-square-foot medical office building situated on a 43,124-square-foot lot in Melbourne, Florida. The Class B building, constructed in 1994 and renovated in 2022, boasts 44 parking spaces and is currently 100% occupied by a corporate-guaranteed franchisee under a Net Lease agreement. The lease, commencing August 15, 2018, has a remaining term of approximately 4.1 years, extending to December 31, 2028, with a five-year renewal option. The current annual Net Operating Income (NOI) is $180,560, yielding a 6.69% capitalization rate at the asking price of $2,699,372 ($299 per square foot). Rent increases are tied to the Consumer Price Index (CPI). The property is zoned for OFFICE PROFESSIONAL use and features a single story. This is a strong, stable investment with a long-term tenant and significant upside potential. The property's location in Brevard County provides excellent access to a thriving medical community. This is a rare opportunity to acquire a well-maintained, single-tenant medical office building with a proven track record of success.