Stand-Alone / NNN Lease / Single Tenant 3700 N US 1 Hwy 10,570 SF Retail Building Cocoa, FL 32926 $2,065,000 ($195.36/SF) 6.80% Cap Rate
INVESTMENT HIGHLIGHTS
- Initial Term: March 7, 2024 - March 6, 2029
- Est. 2025 NOI $140,400 (est. 6.8% CAP)
- 10% Base Rent Escalator in Years 6 & 11
- $11,700/month NNN + OPEX
- Long Term Commitment to the Site with Two 5-Year Renewal Options
- Signed Personal Guarantee
EXECUTIVE SUMMARY
• Initial Term: March 7, 2024 - March 6, 2029.
• $11,700/month NNN + OPEX. Est. 2025 NOI $140,400 (6.8% CAP).
• Long Term Commitment to the Building with Two 5-Year Renewal Options.
• 10% Base Rent Escalator in Years 6 & 11.
• NNN Lease. Taxes/Insurance/Maintenance Tenant Responsibility.
• Signed Personal Guarantee.
• Utilities: City Water, Septic, Piped Underground Natural Gas, 3-Phase FPL Electric.
• 100% HVAC. LED Lighting. Polished Concrete Flooring.
• Clear Height Ranges 12' 6" - 16' +/-. One 10' Wide x 12' Tall +/- Grade Level Door.
• 25 Asphalt Paved/Striped/Lighted Parking Spaces.
• Traffic Count est. 32,500 VPD on US1.
• Please do not Disturb Occupant.
• Brevard County, known as "Florida's Space Coast", is located approximately halfway between Miami & Jacksonville on the Atlantic Ocean, about an hour drive east of Orlando. The Subject Property is located in Cocoa, FL with close proximity to Kennedy Space Center, Port Canaveral, and Patrick Space Force Base. Nearby employers include Blue Origin, SpaceX, NASA and Boeing to name a few. Call today for details!
• $11,700/month NNN + OPEX. Est. 2025 NOI $140,400 (6.8% CAP).
• Long Term Commitment to the Building with Two 5-Year Renewal Options.
• 10% Base Rent Escalator in Years 6 & 11.
• NNN Lease. Taxes/Insurance/Maintenance Tenant Responsibility.
• Signed Personal Guarantee.
• Utilities: City Water, Septic, Piped Underground Natural Gas, 3-Phase FPL Electric.
• 100% HVAC. LED Lighting. Polished Concrete Flooring.
• Clear Height Ranges 12' 6" - 16' +/-. One 10' Wide x 12' Tall +/- Grade Level Door.
• 25 Asphalt Paved/Striped/Lighted Parking Spaces.
• Traffic Count est. 32,500 VPD on US1.
• Please do not Disturb Occupant.
• Brevard County, known as "Florida's Space Coast", is located approximately halfway between Miami & Jacksonville on the Atlantic Ocean, about an hour drive east of Orlando. The Subject Property is located in Cocoa, FL with close proximity to Kennedy Space Center, Port Canaveral, and Patrick Space Force Base. Nearby employers include Blue Origin, SpaceX, NASA and Boeing to name a few. Call today for details!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,570 SF
Building Class
C
Year Built
1983
Price
$2,065,000
Price Per SF
$195.36
Cap Rate
6.80%
NOI
$140,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.84 AC
Zoning
BU-2 - Brevard County Retail Warehousing & Wholesale Commercial (BU-2).
Parking
25 Spaces (2.37 Spaces per 1,000 SF Leased)
Frontage
105’ on Us-1 Hwy
AMENITIES
- Signage
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Juniper Mountain
- Wholesaler
- 10,570 SF
- -
- Triple Net
- Mar 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Juniper Mountain | Wholesaler | 10,570 SF | - | Triple Net | Mar 2029 |
PROPERTY TAXES
| Parcel Number | 24-36-08-00-00272.0-0000.00 | Improvements Assessment | $429,880 |
| Land Assessment | $120,000 | Total Assessment | $549,880 |
