- Melbourne Village Plaza supports the dense surrounding neighborhoods with several service and accessory tenants including restaurants, home stores, health & fitness, and medical & wellness uses.
- Geographic barriers to entry are high.
- Adjacent American Muscle Car Museum provides additional unique draw to the immediate area.
THE DEAL POINTS
- Marketed Asking Price: $13,306,000
- Marketed Cap Rate: 8.75%
- NOI: $1,164,280
- Square Footage: 127,705 SF
- Occupancy: 97%
- The Property sits on the intersection of Wickham Rd and Eau Gallie Blvd, creating combined traffic counts of nearly 60,000 cars per day
- Six total access points onto the property
- Along major retail corridor with large national tenants including adjacent Walmart
- Dense population of over 50,000 people within three miles