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Sunburn Cannabis - Melbourne MSA 1170 N Highway A1A 2,558 SF Retail Building Indialantic, FL 32903 $2,617,000 ($1,023.06/SF) 7.50% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | 3% Annual Rental Increases |Options to Extend | Growing Brand | High-Rated Location
- Fronting A1A | Drive-Thru Equipped | Surrounding Retailers |Excellent Visibility & Access | 2025 Remodel
- Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,558 SF
Building Class
C
Year Built/Renovated
1985/2025
Price
$2,617,000
Price Per SF
$1,023.06
Cap Rate
7.50%
NOI
$196,267
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.51 AC
Zoning
BU-1 - 2100 - Restaurant Cafeteria
Parking
25 Spaces (9.77 Spaces per 1,000 SF Leased)
Frontage
244’ on N Highway A1A
Amenities
- Corner Lot
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-38-30-50-00000.0-000B.38 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $874,510 |
Property Taxes
Parcel Number
27-38-30-50-00000.0-000B.38
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$874,510
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Sunburn Cannabis - Melbourne MSA | 1170 N Highway A1A
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