Monro Muffler Brake- Tire Choice Me…453 N Harbor City Blvd, Melbourne, FL 32935

Seller MOTIVATED to sell! This is a rare opportunity to purchase a property with a National Corporatecredit tenant, NNN, Monro Muffler Brake /Tire Choice. In the fourth year of a 10 year lease, the incomeis currently $7100 per month, increasing to $7810 on 4/1/20. The price represents a blended cap rate.8 Bay Tire Store, Monro Muffler Brakes opened this Tire Choice in 2015. It has been a Tire Store forthe past 35 years. with highly visible signage and high traffic volume in one of the fastest growing areasof Florida, the Space Coast! This property is well positioned on US Highway 1 in Melbourne.

Price: $1,297,000

Space Coast location

Credit Tenant

View the full listing here: http://www.loopnet.com/Listing/453-N-Harbor-City-Blvd-Melbourne-FL/12568432/

Price: $1,297,000

Property Type: Retail

Property Sub-type: Auto Repair

Building Class: C

Sale Type: Investment

Cap Rate: 7.05%

Lot Size: 0.69 AC

Gross Leasable Area: 5,992 SF

Sale Conditions: Investment Triple Net

No. Stories: 1

Year Built: 1992

Tenancy: Single

Zoning Description: CC2

APN / Parcel ID: 27-37-21-EM-00017.0-0003.00

Walk Score ®: 48 (Car-Dependent)

Property Details

Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

Major Tenant Information

Tenant SF Occupied Lease ExpiredMonro Muffler Brake &Service

5,760 March 2025

Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

Location

Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

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Property Photos

Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

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Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

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Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

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Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

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Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

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Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

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Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935

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Monro Muffler Brake- Tire Choice Melbourne Fl453 N Harbor City Blvd, Melbourne, FL 32935