(7.7% CAP RATE) MELBOURNE AIRPORT MOBIL W/ "GO MARKET" C-STORE (20-YEAR NNN LEASE)!

Absolute NNN Passive Asset | 7.7% In-Place Cap Rate | 100% Bonus Depreciation Eligible

Location: Signalized Intersection of Babcock St, Melbourne, FL (Directly Opposite Melbourne International Airport)

Price: $3,600,000

Building Size: 1,585 SF | Year Built: 1993 (Fully Renovated 2024/2025)

Executive Summary: The Premier NNN Asset in Melbourne, FL

Experience a rare opportunity to acquire a high-performance, 12-pump Mobil Gas Station and a brand-new "Go Market" convenience store in the heart of Melbourne’s most active commercial corridor. This asset is the definition of "passive income," featuring a brand-new 20-year Absolute Triple Net (NNN) lease with a seasoned 36-year operator.

Strategically located directly across from the Melbourne International Airport, this property offers an incoming investor an immediate 7.7% cap rate with aggressive built-in rent escalations and significant tax advantages via 100% Bonus Depreciation (if closed before year-end).

Unrivaled Location & Infrastructure

Situated at a high-visibility signalized intersection, this property commands the traffic flow of Melbourne’s primary thoroughfare.

• Massive Traffic Exposure: Boasting an AADT of 47,800+, Babcock Street is the busiest artery in the city, home to major national retail outfits and constant airport-related commerce.

• Airport Proximity: Being directly adjacent to the Melbourne International Airport ensures a 24/7 stream of travelers, car rental returns, and local commuters.

• Dominant Market Position: This is currently the only Pure NNN gas station available in the Melbourne market, providing an investor with a high-barrier-to-entry asset in a supply-constrained environment.

The Lease: 20 Years of Guaranteed Passive Income

This investment is structured as a Pure NNN Lease, meaning the tenant is responsible for all costs—taxes, insurance, maintenance, and structural repairs (Roof & Structure). It is the ideal vehicle for out-of-state investors or 1031 exchange buyers seeking zero landlord responsibilities.

• Initial Term: 20 Years (Commencing 2025).

• Rental Increases: 10% rent bumps every five years, providing a powerful hedge against inflation.

• Renewal Options: Two (2) additional 5-year options.

• Annual Revenue: Starting at $276,000 per year ($23,000/month).

• Operator Strength: Guaranteed by a powerhouse operator with a 36-year track record and over 50 successful locations throughout Florida.

Financial Growth & Escalating Yields

Unlike traditional flat-rent retail, this Mobil station offers a dynamic and growing return on investment:

• In-place Cap Rate: 7.7%

• 2030 Projection: 8.4%+ Cap Rate

• 2035 Projection: 9.3%+ Cap Rate

• Final Years Projection: 11.0%+ Cap Rate

• Brand Security: Backed by a formal Mobil/Exxon fuel supply agreement for the duration of the lease.

Comprehensive 2024/2025 Capital Improvements

The property has undergone a total transformation, ensuring the buyer inherits a "like-new" asset with minimal near-term maintenance requirements:

• Technology & Fueling: Brand-new hi-tech dispensers, new canopy, and updated pylon signage.

• Building Systems: New roof, new HVAC system, and fully updated plumbing.

• The "Go Market" Experience: A complete interior overhaul including new flooring, modernized restrooms, and a brand-new walk-in cooler.

• Compliance: Clean environmental reports and a fully modernized security system.

Why Invest in the Space Coast (Melbourne, FL)?

Melbourne is the crown jewel of Florida’s "Space Coast," a region experiencing explosive growth due to the aerospace and technology sectors. This gas station is positioned to capture that growth, sitting on the busiest street in the city. With 100% Bonus Depreciation potential, this is not just a real estate play—it is a sophisticated tax-planning tool and a high-yield income generator.

High-cap NNN assets in airport-adjacent locations are in extremely high demand. Contact us today for a full Offering Memorandum (OM) and environmental documentation.