Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 2627 W Eau Gallie Blvd, a 10,180-square-foot professional plaza located in the heart of Melbourne, FL—one of Florida’s fastest-growing markets. The property features triple net (NNN) leases with annual rental increases between 3-5%, ensuring minimal landlord responsibilities, steady revenue growth, and insuring a hedge against inflation. Offered at $2,540,000 ($249 PSF), this newer construction property is priced below replacement cost, providing exceptional value. Investors will benefit from a Year 1 NOI of $177,911, yielding a 7.00% cap rate, with projected growth to $183,578 and a 7.23% cap rate in Year 2. Strategically located along W Eau Gallie Blvd, the property enjoys high visibility with 23,000 vehicles per day, proximity to major national retailers, and is located near dense residential neighborhoods with a population of nearly 12,000 people within a 1-mile radius and close to 115,000 people within a 5-mile radius. According to CoStar, market overall rents are close to $23 PSF, further supporting the asset’s strong positioning in the market. This property presents an ideal opportunity for investors seeking a well-positioned, income-producing professional plaza with solid financial performance, long-term upside potential, and a reliable hedge against inflation.