$3,500,000
(SELLER FINANCING AVAILABLE!) PRIME SOUTH TAMPA RETAIL BUILDING ON W KENNEDY BLVD. FOR SALE!
Tampa, Florida
Soft OfferRetail Property for Sale in Melbourne Florida 32901
665 Babcock st & 660 S Apollo Blvd, Melbourne, Florida 32901
$3,500,000
$503 / sq ft Listed Feb 10, 2026
6,960 sqft
Building
Class B
Class
About this property
Retail Property for Sale in Melbourne Florida 32901 is a retail for sale in Melbourne, Florida, listed at $3,500,000. Key details: building size 6,960 sqft, building class Class B, property status Normal Sale, building status Existing. Listed by David J. Rosenthal of Grimaldi Commercial Realty Corp on LoopingCloud and last updated August 26, 2026.
7.1% CAP & 100% Bonus Depreciation!
Rare opportunity to own a 2-building NNN retail center directly across from Melbourne International Airport. Anchored by Tires Plus (New 10-Year Lease) and Hertz, this site generates $270k/year in pure passive income. Located on South Babcock Street with 47,800+ daily cars, it features zero landlord responsibilities and built-in 2% annual rent bumps. Lock in a high-yield, hands-off investment in a market with virtually zero inventory!
Property Quick Facts
| Feature | Detail |
| Annual NOI | $270,000 |
| Cap Rate | 7.1% (In-Place) |
| Traffic Count | 47,800+ AADT |
| Tenants | Tires Plus (10yr) & Hertz |
| Lease Type | Absolute NNN (No Owner Expenses) |
| Tax Status | 100% Bonus Depreciation Eligible |
| Location | Babcock St & Apollo Blvd (Opposite MLB Airport) |
Key highlights
- National Tenants:
- 7.11 CAP RATE IN-PLACE!
- 7.2% CAP RATE IN 2026!
- 7.4% CAP RATE IN 2027!
- 7.6% CAP RATE IN 2028!
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Business Opportunities
| Company | Business type | Contact | Phone | |
|---|---|---|---|---|
| BAY TITLE COMPANY | Title Services | ALANA Supraski | (305) 692-8886 |
Property details
Key facts
- Building Size
- 6,960 sqft
- Building Class
- Class B
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$503
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $3,500,000 | - | - | - | - |
Features and amenities
Property Features
- Elite Location: Signalized intersection directly across from Melbourne International Airport on South Babcock Street (the city's primary retail corridor).
- National Tenants:
- ***Tires Plus: New 10-year NNN lease; features mechanic bays and on-site car wash.
- ***Hertz: High-performing airport-support location with large office and expansive rental fleet parking.
- Strong Financials: * Total Net Income: $270,000/year ($198k Tires Plus / $72k Hertz).
- ***In-Place Cap Rate: 7.1% with annual 2% rent bumps.
- ***Projected Cap Rate: 7.4% by 2027; 7.6% by 2028.
- Tax Advantage: Car wash facility qualifies the site for 100% Bonus Depreciation—a rare benefit for retail assets.
- Passive Management: Pure NNN structure; tenants are responsible for all taxes, insurance, and maintenance.
- Unrivaled Visibility: Dedicated pylon signage on the city’s highest-trafficked road (47,800+ AADT).
Highlights
- RETAIL CENTER DIRECTLY ACROSS FROM MELBOURNE INTERNATIONAL AIRPORT! PYLON SIGNAGE ON S BABCOCK STREET, THE LARGEST STREET IN ALL OF MELBOURNE, FL! 100% BONUS DEPRECIATION ELIGIBLE WITH A CAR WASH ON-SITE CONNECTED TO THE TIRE SHOP!
- 2 LONG-TERM NNN TENANTS IN-PLACE, INCLUDING WORLD FAMOUS HERTZ RENTAL CAR!
- HERTZ RENTAL CAR AND TIRES PLUS FL INC. HAVE OCCUPIED THEIR RENTAL SPACES FOR OVER 4 YEARS EACH!
- 7.11 CAP RATE IN-PLACE!
- 7.2% CAP RATE IN 2026!
- 7.4% CAP RATE IN 2027!
- 7.6% CAP RATE IN 2028!
- 2% RENTAL BUMPS EVERY YEAR ON THE NEW 10-YEAR LEASE SIGNED BY TIRE PLUS FL. TENNANTS RESPONSIBLE FOR ALL MAINTENANCE AND REPAIRS AT THE PROPERTY!
Location
Address as shown by the lister.
Get directionsAbout this area - Melbourne
- Population
- 22,542
- Housing units
- 11,100
- Land area
- 9.8 sq mi
- County
- Brevard
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadFrequently asked questions
What is the asking price of Retail Property for Sale in Melbourne Florida 32901?
Retail Property for Sale in Melbourne Florida 32901 is listed at $3,500,000. That works out to about $503 per square foot.
Where is Retail Property for Sale in Melbourne Florida 32901 located?
The property is in 665 Babcock st & 660 S Apollo Blvd, Melbourne, Florida 32901, Brevard County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 6,960 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
David J. Rosenthal of Grimaldi Commercial Realty Corp listed this property. Use the Request Info button to send a message or call (813) 882-0884.
When was this listing published?
It was published on February 10, 2026 and last updated on August 26, 2026.
Listing information
- Listing ID
- CL-Florida-27373
- Published
- Feb 10, 2026
- Last updated
- Aug 26, 2026
- Views
- 260
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Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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