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1400 N Singleton Ave 10,000 SF Retail Building Titusville, FL 32796 $1,250,000 ($125/SF) 8.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent optional 5-year lease renewal; Leased through 9/30/2031 with potential extensions
- Annual Rent 10/01/2026 through 9/30/2031: $106,491 plus $4200 parking lot maintenance
- New LED parking lot lighting Oct 2024
- Annual Rent through 9/30/26: $96,810 plus $3600 parking lot maintenance
- Interior remodeled May 2025
- New elastomeric roof coating Oct 2024
EXECUTIVE SUMMARY
This has been a great retail location for the last 24 years. The Current Lease extends to 9/30/2031, with ~6.5 years remaining, but the owner is negotiating another 5-year renewal extension. The parking lot has been recently remodeled, and new LED lighting has been installed. The metal roof has also been recently inspected and repaired, and a 15-year elastomeric roof coating has been installed. The interior was upgraded in April 2025.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$96,810
|
$9.68
|
| Other Income |
$3,600
|
$0.36
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$100,410
|
$10.04
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $96,810 |
| Annual Per SF | $9.68 |
| Other Income | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $0.36 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $100,410 |
| Annual Per SF | $10.04 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
1993
Price
$1,250,000
Price Per SF
$125
Cap Rate
8.03%
NOI
$100,410
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
5.35 AC
Zoning
1100 - RETAIL STORE
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
247’ on N Singleton Ave Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- DOLLAR GENERAL
- Retailer
- 10,000 SF
- $10.00
- Double Net
- Sep 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| DOLLAR GENERAL | Retailer | 10,000 SF | $10.00 | Double Net | Sep 2031 |
PROPERTY TAXES
| Parcel Number | 21-35-29-00-00550.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,113,950 |
PROPERTY TAXES
Parcel Number
21-35-29-00-00550.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,113,950
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1400 N Singleton Ave
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