Merritt Island, FL Retail Commercial Real Estate

Retail storefronts on Merritt Island's major north/south artery. Neighborhood center just north of Skyline Blvd. DISTANCES: .7 mile SR 528 1.5 miles to Merritt Island High School 2.7 miles to SR 520

Located in Sabal Pointe Plaza Multiple entrances off Sykes Creek Pkwy or Merritt Island Cswy (SR 520) Traffic Count: Sykes Creek - 12,010 AADT(2019) Merritt Island Cswy - 23,280 AADT (2019)

Prominent Location on East Merritt Island Causeway +/- 6.92 Acres Two Story Auto Dealership with Separate One-Story Service Center and Bays Prominent Signage BOAT DOCK First Floor Includes Bright Open Show Room Areas Perimeter Offices Prominent Staircase to Second Floor Elevator Well Appointed Second Floor Lounge Area Includes: Fitness Center Barber Shop Vending and Snack Bar Area Children's Play Area

Located on the main thoroughfare of Merritt Island SR520 Traffic Count: 25,000 AADT

Corner property directly off SR-528 NWC of N Courtenay Pkwy and Heidi Ln Corner lot with freestanding retail building Great access off SR-528 Located on the main through-fare of Merritt Island Traffic Count: 34,000 AADT

Retail Plaza west of SR 3 (N Courtenay Parkway). From US1 and SR 520, head east on SR 520, turn left on SR 3 (N Courtenay Pkwy), property will be on the left.

Located on busy N Courtenay Parkway (SR-3) in Merritt Island. Across from the Home Depot Shopping Plaza and one block north of SR-520, Central Brevard's major east/west corridor

Cocoa Beach welcomes 2.4 million visitors per year and is located less than 6 miles east of site.

Excellent signage. Located on Courtenay between 520 & 528 across From Aldi. Within 2 miles of 2 High Schools and 1 Elementary School. Strip center zoned BU1

400,000 average foot traffic per month on non-holiday months. 1.2-1.5 million per month during November and December. 5 main mall entrances/10 total points of entry.

Mike Milano, CCIM, MAI and Sean Glickman, CCIM, managing directors at Colliers International are pleased to offer for sale an opportunity to buy a highly desirable, Walgreens-dominant portfolio along with a mix of other similar properties occupied by creditworthy tenants. This portfolio contains seventeen exceptionally well located properties within primary markets in Florida and Georgia. This portfolio offering consists of: Twelve freestanding Walgreens Drug Stores Four in Tampa FL MS Two in Bradenton/Sarasota, FL Two in Naples, FL One in Merritt Island, FL Three in Atlanta, GA MSA One freestanding Bank of America – Tampa MSA One freestanding Applebee’s Restaurant (ground lease) – Atlanta MSA One single-tenant charter school (Academie Da Vinci) – Tampa MSA One, two-tenant property occupied by Anytime Fitness and Dunkin Donuts/Baskin Robbins – Tampa MSA One, Publix-anchored shopping center with three adjoining in-line shop tenants – Tampa MSA Domino’s Pizza H&R Block The UPS Store

This location is also in close proximity to the NASA John F. Kennedy Space Center which is a major tourist at-traction and largest employer in the area with over 8,500 employees. There are currently 6 years remaining on the NN lease with four (4), five-year options including 10% rent increases every five years. With potentially over 25 years of term, investors have the opportunity to purchase an asset with one of the strongest corporate guaranteed leases in the entire Net Lease industry. Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating 25,085 stores in 75 countries. As of October 2017, the company had a net worth in excess of $5.4 billion, TTM revenue of $22.3 billion, and TTM net income of $2.8 billion. NNN Investment Advisors is pleased to present for sale this Starbucks drive-thru in Merritt Island, Brevard County, Florida. The subject is strategically positioned on the heavily trafficked E Merritt Island Causeway (SR 520), which serves at the Gateway to Cocoa Beach and is a highly important thoroughfare as the main retail corridor leading from A1A, Beachside and connecting to SR 528 to Orlando. One of the most compelling aspects of this investment is the location of the site and it’s exceptional access to an important trade area and Florida vacation destination. Starbucks benefits from its strategic corner, out parcel location to a 90,000 SF Publix anchored shopping center with easy access to both east/west bound traffic and high visibility to over 32,000 VPD. Located along the area’s primary retail and medical corridor the site is 2 blocks west of the Merritt Square Mall, an 842,000 square foot Regional Mall anchored by Macy’s, Dillard's, J.C. Penney, Sears and Cobb Theater and surrounded numerous national retailers within a one mile radius including CVS, Walgreens, Ross, Michaels, Home Depot, Office Depot, Bank of America, UPS, T-Mobile, Sprint, Red Lobster, McDonald’s, Arby's, Wendy's, Burg-er King, Steak n Shake, O’Reilly, Advance Auto Parts, Bank of America, Olive Garden, Chili's, Bonefish Grill and many more.

590 N Courtenay Pky located in Merritt Island, FL is a 6,889 square foot Retail Sales, Retail - Single Occupancy property that was built in 2004.This property is situated on a 0.62 acre land parcel.The property is being offered at the following list price: $1,802,000 at a Cap Rate of 6.65% with an estimated NOI of 119,833.Offered by Simon Assaf.