Call for Offers: Feb 21, 2020 | 124,596 SF Walmart Shadow Anchored

951 - 991 E Eau Gallie BLVD Melbourne, FL 32937

951 - 991 E Eau Gallie BLVD, Melbourne, FL, 32937
951 - 991 E Eau Gallie BLVD, Melbourne, FL, 32937 951 - 991 E Eau Gallie BLVD, Melbourne, FL, 32937 951 - 991 E Eau Gallie BLVD, Melbourne, FL, 32937
Property Type:
Neighborhood Center
$15,500,000 to $20,000,000
Last Verified:
Sep 22, 2020

Call for Offers due by February 21, 2020 | Ocean Springs Shopping Center is a 124,596 square foot community shopping center located in Melbourne, Florida. The center is 100 percent occupied by a mix of national and regional credit tenants including Winn-Dixie, Dollar Tree, Texas Roadhouse, Sally Beauty Supply, T-Mobile, Firehouse Subs and H&R Block on triple net leases. Southeastern Grocers (Winn-Dixie) operates over 703 locations throughout the Southeast and has over $10.5 billion in annual sales and does MOL $20 million in annual sales at this location. Dollar Tree (DLTR) is a strong national tenant publicly traded on the NASDAQ that operates 13,600 stores with over $20 billion in annual revenue. The property features a recent addition of Texas Roadhouse (NASDAQ:TXRH) that operates over 525 locations nationwide with annual revenues exceeding $2.2 billion. Ocean Springs Shopping Village presents an excellent opportunity to acquire a trophy community shopping center located in the largest and fastest growing submarket of the Brevard County/Space Coast market.

*Please contact Agent directly to submit offer. Offers must be submitted with proof of funds & investor resume / schedule of real estate properties owned*

Property Highlights:
Trophy Real Estate & Location on Hard Signalized Corner
Walmart Shadow Anchored
Average HHI $95,796
Texas Roadhouse New Tenant High Traffic Generator
Excellent Visibility to Over 50K± Vehicles per Day
Five Points of Easy Access Abundant Parking
100 Percent Occupied by a Strong Synergistic Mix of National Credit Tenants on Triple-Net Leases
Upside & Value-Add Below Market Rents, Increases & Reposition

Additional URLs

Map of 951 - 991 E Eau Gallie BLVD, Melbourne, FL, 32937

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.