December 2, 2024 – Michael Talbert and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of a MUV in Satellite Beach, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,775,000.
MUV is located at 106 Highway A1A in Satellite Beach, Florida. MUV occupies a 2,393 square foot building positioned on a 0.69-acre parcel of land. MUV has 8+ years remaining on their Triple Net (NNN) Lease with two (2), 5-year renewal options. The lease calls for attractive 3% annual increases in rent throughout the primary term and the renewal options. The Property is positioned adjacent to the signalized intersection of Highway A1A and SR 404, the area’s primary commercial and commuter corridors. The Property enjoys outstanding visibility and frontage and is convenient to national retailers, restaurants, and the Patrick Space Base that drive traffic to the area. Additionally, the Property is surrounded by densely populated residential communities that provide a built-in customer base. The Property is convenient to Interstate 95 and is approximately 65-miles southeast of Orlando.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.