Discount
Dollar General I Explosive Growth I High-Tech Job Hub
4290 S Babcock St, Melbourne, FL 32901
Listing Price: $2,055,000
Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
9,002
Lease Type
Absolute Net
Rent Per Square Feet
$13.70
Investment Overview
High quality Dollar General in rapidly growing tech-hub.
Dollar General I Explosive Growth I High-Tech Job Hub
Investment Highlights
- Absolute NNN Dollar General w/No Landlord Responsibilities: Absolute NNN Dollar General w/ Zero Landlord Responsibilities Located on a Highly Trafficked Section of S Babcock Street (30,000 VPD)
- Located Within a Dense Residential Area Featuring Over 12,000 Residents in a One-Mile Radius Including the Newly Developed Trillium Complex (2022) with 256 Class-A Apartments
- Across from Palm Bay High School with Over 1,400 Enrolled Students and Within Walking Distance to Florida Institute of Technology, a 130-Acre Campus with Nearly 10,000 Enrolled Students
- Area has Experienced Explosive Population Growth Amounting to Over a 43 Percent Increase Since 2000 with Melbourne Also Recently Ranking Fourth on U-Haul's Annual National Growth Index
- Palm Bay-Melbourne-Titusville MSA Recently Ranked 2nd Nationally for High Tech Job Growth Which on Average Pay 1.9 Times Higher Than the Average National Salary
Discount
Dollar General I Explosive Growth I High-Tech Job Hub
Listing Price: $2,055,000
Cap Rate
6.00%
Tenant Name
Dollar General
Years Remaining On Lease
5.8
Guarantor
Corporate Guarantee
Rentable SF
9,002
Lease Type
Absolute Net
Rent Per Square Feet
$13.70
Investment Highlights
- Absolute NNN Dollar General w/No Landlord Responsibilities: Absolute NNN Dollar General w/ Zero Landlord Responsibilities Located on a Highly Trafficked Section of S Babcock Street (30,000 VPD)
- Located Within a Dense Residential Area Featuring Over 12,000 Residents in a One-Mile Radius Including the Newly Developed Trillium Complex (2022) with 256 Class-A Apartments
- Across from Palm Bay High School with Over 1,400 Enrolled Students and Within Walking Distance to Florida Institute of Technology, a 130-Acre Campus with Nearly 10,000 Enrolled Students
- Area has Experienced Explosive Population Growth Amounting to Over a 43 Percent Increase Since 2000 with Melbourne Also Recently Ranking Fourth on U-Haul's Annual National Growth Index
- Palm Bay-Melbourne-Titusville MSA Recently Ranked 2nd Nationally for High Tech Job Growth Which on Average Pay 1.9 Times Higher Than the Average National Salary
Investment Overview
High quality Dollar General in rapidly growing tech-hub.
