2730 Palm Bay RdPalm Bay, FL 32905

Property Details for 2730 Palm Bay Rd

Lot size

1.62 AC

Property size (Sq ft)

15,810 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

28.0345

Longitude

-80.5903

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