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105-113 Brevard Ave 16,976 SF 100% Leased Retail Building Cocoa, FL 32922 $3,050,000 ($179.67/SF) 8.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Retail Asset- The property boasts 100% occupancy across five tenants with long-term leases in place, ensuring stable & predictable income
- Triple Net (NNN) Lease Structure- All leases are NNN, shifting responsibility for taxes, insurance, and common area maintenance to tenants
- Solid Demographic Base- Over 95,000 residents live within a 5-mile radius, w/ an average household income of $95,214—supporting ongoing retail demand
- Tenants have 4% - 6% Annual Rent Increases
- Prime Downtown Cocoa Location- Situated on historic Brevard Avenue, the asset benefits from strong foot traffic, proximity to Cocoa Riverfront Park
- Strong Rental Momentum- Market base rents projected to grow with annual escalations, increasing NOI steadily through the 5-year cash flow forecast
EXECUTIVE SUMMARY
Downtown Cocoa Retail, 105–113 Brevard Avenue, is a fully leased, multi-tenant retail property located in the heart of Historic Downtown Cocoa. The building totals 16,976 SF and sits on a 0.29-acre lot with a strong mix of five tenants, including Cleopatraink LLC, My Community Room, Mystic Lobster, Sip Happens in the Village, and Treehouse Smoke Shop. All tenants are on NNN leases, making this a low-management investment with steady cash flow.
Originally built in 1923, the property combines historic charm with modern functionality, drawing both local foot traffic and visitors. It’s well-positioned on Brevard Avenue with strong visibility and is supported by nearby corridors like King Street and Willard Street, each seeing around 14,000 vehicles per day.
The surrounding area is growing, with nearly 96,000 people within five miles and strong income levels. As part of the Cocoa Village district, the asset benefits from consistent pedestrian activity, local events, and waterfront attractions that help drive tenant success and future rent growth.
105-113 Brevard Avenue offers an investor the opportunity to acquire an extremely well maintained multi tenant retail building with minimal landlord responsibility in Downtown Cocoa Village.
Originally built in 1923, the property combines historic charm with modern functionality, drawing both local foot traffic and visitors. It’s well-positioned on Brevard Avenue with strong visibility and is supported by nearby corridors like King Street and Willard Street, each seeing around 14,000 vehicles per day.
The surrounding area is growing, with nearly 96,000 people within five miles and strong income levels. As part of the Cocoa Village district, the asset benefits from consistent pedestrian activity, local events, and waterfront attractions that help drive tenant success and future rent growth.
105-113 Brevard Avenue offers an investor the opportunity to acquire an extremely well maintained multi tenant retail building with minimal landlord responsibility in Downtown Cocoa Village.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
16,976 SF
Building Class
B
Year Built
1923
Price
$3,050,000
Price Per SF
$179.67
Cap Rate
8.01%
NOI
$244,392
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.34
Lot Size
0.29 AC
Zoning
CBD - CENTRAL BUSINESS DISTRICT ZONE
Parking
27 Spaces (1.59 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-36-33-35-00000.0-0001.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,095,980 |
PROPERTY TAXES
Parcel Number
24-36-33-35-00000.0-0001.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,095,980
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