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Single Tenant / NNN Lease / Stand-Alone 3700 N US 1 Hwy 10,570 SF Retail Building Cocoa, FL 32926 $1,995,000 ($188.74/SF) 7.04% Cap Rate
Investment Highlights
- Initial Term March 7, 2024 - March 6, 2029
- Long Term Commitment to the Building with Two 5-Year Renewal Options
- NNN Lease Structure. Signed Personal Guarantee
- $11,700/month NNN + OPEX. Est. 2026 NOI $140,400 (7.0% CAP)
- 10% Base Rent Escalator in Years 6 & 11
- Traffic Count est. 32,500 VPD on US1
Executive Summary
• Initial Term March 7, 2024 - March 6, 2029.
• $11,700/month NNN + OPEX. Est. 2026 NOI $140,400 (7.0% CAP).
• Long Term Commitment to the Building with Two 5-Year Renewal Options.
• 10% Base Rent Escalator in Years 6 & 11.
• NNN Lease. 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/Illuminated 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. 2026 NOI $140,400 (7.0% CAP).
• Long Term Commitment to the Building with Two 5-Year Renewal Options.
• 10% Base Rent Escalator in Years 6 & 11.
• NNN Lease. 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/Illuminated 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/Renovated
1983/2024
Price
$1,995,000
Price Per SF
$188.74
Cap Rate
7.04%
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
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 24-36-08-00-00272.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,042,960 |
Property Taxes
Parcel Number
24-36-08-00-00272.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,042,960
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Single Tenant / NNN Lease / Stand-Alone | 3700 N US 1 Hwy
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