Corporate Guaranteed ‘4 Wheel Parts’ | Large 1.26 Acre Parcel

2045 W New Haven Ave, West Melbourne, FL 32904, USA
$2,375,000

Description

Marcus & Millichap is pleased to present for sale this Net Leased 4 Wheel Parts located at 2045 W. New Haven Avenue in Melbourne, Florida. The subject property consists of a free-standing building comprised of 10,000 square feet of retail space and is situated on a large 1.26- acre parcel of land.
The property is located within Melbourne’s dense retail corridor and strategically situated with frontage to W New Haven Avenue. W New Haven Avenue is a major East-West thoroughfare which is visible to more than 39,700 vehicles per day. The property also conveniently sits adjacent to a signalized intersection thus increasing its visibility and overall potential to vehicular traffic.
This location benefits from excellent demographics including over 134,227 full time residents in the immediate area. The immediate trade area is also home to a number of National and Regional retailers including but not limited to Taco Bell, TGI Fridays, BJ’s Brewhouse, Chipotle, Cumberland Farm, Publix, McDonald’s, Target, Home Depot, Walgreens, WAWA, and numerous others.
4 Wheel Parts recently executed a brand new lease with an initial term that runs through February 1st, 2029 and has two five-year options to extend.
4 Wheel Parts first opened its doors in 1961 with a simple motto; “Quality Parts, Lowest Prices, Fastest Service and Fully Guaranteed.” Powered by that attitude, 4 Wheel Parts grew from a one-person operation to the global leader in truck, Jeep, SUV and off-road performance products. Today, 61 years later, 4 Wheel Parts has a nationwide chain of retail stores and service centers with 94 stores across North America.

  • 4 Wheel Parts Corporate Guarantee
  • 4 Wheel Parts Operates a Nationwide Chain of Retail Stores and Service Centers | 94 Locations across North America.
  • Newly Executed Lease | Low Rent
  • Property Located within Dense Retail Market | Great Visibility
  • High Traffic Counts | Visible to Over 39,700 Vehicles/Day
  • Excellent Demographics | 134,227+ Full Time Residents in Immediate Trade Area
  • Net Lease | Minimal Landlord Responsibility
  • Fee Simple Allowing for Depreciation
  • Melbourne is One of the Fastest Growing Economies in the Nation
  • Large 1.26 Acre-Parcel
  • Florida Is a No Income Tax State

Property Documents

  • 4WheelParts-Melbourne-FL-om-ib
  • City: Melbourne
  • State/county: Florida
  • Zip/Postal Code: 32904
  • Country: United States

Detail

  • Price: $2,375,000
  • Year Built: 2021

Additional details

  • CAP RATE: 6.00%
  • NOI: $142,500

Features