Overview Description - LoopNet

Description• Available Sears and Auto Center at the SWC of Nasa Blvd and S

Babcock St• Located in Melbourne approximately one hour south of the

Kennedy Space Center and ninety minutes due east of Disney World• I-95 runs through the county from north-to-south

Nearby Retailers

3 MILE 5 MILE 10 MILETotal Population 42,129 131,504 281,3152023 Growth 1.12% 1.26% 1.25%Average HH Income $59,422 $67,325 $73,206Daytime Population 70,801 164,270 278,765Year: 2019 | Source: ESRI

Demographics

Traffic CountsNasa Blvd 14,500 VPDBabcock St 23,500 VPDYear: 2017 | Source: FDOT

OverviewLEASE RATE Contact Broker

AVAILABLE SF 50,860 SF11,130 SF Auto Center

Ability to subdivide

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Sears in Melbourne1050 S Babcock St | Melbourne, FL

ContactJOHN ARTOPE407.902.2621 | john.artope@srsre.com

SRS REAL ESTATE PARTNERS | 200 S Orange Avenue, Suite 1300 | Orlando, FL 32801 | 407.455.5030This information contained herein was obtained from sources deemed to be reliable; however SRS Real EstatePartners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM

SRS REAL ESTATE PARTNERS | 200 S Orange Avenue, Suite 1300 | Orlando, FL 32801 | 407.455.5030This information contained herein was obtained from sources deemed to be reliable; however SRS Real EstatePartners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM

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Sears in Melbourne1050 S Babcock St | Melbourne, FL

SRS REAL ESTATE PARTNERS | 200 S Orange Avenue, Suite 1300 | Orlando, FL 32801 | 407.455.5030This information contained herein was obtained from sources deemed to be reliable; however SRS Real EstatePartners makes no guarantees, warranties or representations as to the completeness or accuracy thereof. SRSRE.COM

DEM

OS Sears in Melbourne

1050 S Babcock St | Melbourne, FL

Seritage Growth Properties is a publicly traded, self-administered, self-managed REIT primarily engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Our portfolio contains 235 wholly-owned properties and 31 joint venture properties, consisting of approximately 42 million square feet of building space, which is broadly diversified by location across 49 states and Puerto Rico. Pursuant to a master lease, 224 of our wholly-owned properties are leased to Sears Holdings and are operated under either the Sears or K-Mart brand. Third parties under direct leases also occupy a portion of the overall leasable space alongside Sears and Kmart. Additionally, 11 of our wholly-owned properties are leased entirely to third parties. The master lease provides Seritage with rights to recapture certain space from Sears Holdings at each property. In addition, Seritage has 50% interests in 31 additional properties through our joint venture investments with General Growth Properties (12 properties), Simon Property Group (10 properties), and Macerich (nine properties) that are also master leased to Sears Holdings.

Seritage Growth Properties is a publicly traded, self-administered, self-managed REIT primarily engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Our portfolio contains 235 wholly-owned properties and 31 joint venture properties, consisting of approximately 42 million square feet of building space, which is broadly diversified by location across 49 states and Puerto Rico. Pursuant to a master lease, 224 of our wholly-owned properties are leased to Sears Holdings and are operated under either the Sears or K-Mart brand. Third parties under direct leases also occupy a portion of the overall leasable space alongside Sears and Kmart. Additionally, 11 of our wholly-owned properties are leased entirely to third parties. The master lease provides Seritage with rights to recapture certain space from Sears Holdings at each property. In addition, Seritage has 50% interests in 31 additional properties through our joint venture investments with General Growth Properties (12 properties), Simon Property Group (10 properties), and Macerich (nine properties) that are also master leased to Sears Holdings.