3700 N US 1 Hwy - Freestanding FOR SALE


Cocoa, FL 32926
$2,065,000 USD
321-750-3439
3700 N US 1 Hwy, Cocoa, FL for Sale
$2,065,000 USD
Freestanding - FOR SALE
1/6
null | 6.8% Cap Rate

3700 N US 1 Hwy
Cocoa, FL 32926


HIGHLIGHTS

  • Initial Term: March 7, 2024 - March 6, 2029
  • $11,700/month NNN + OPEX
  • Est. 2025 NOI $140,400 (est. 6.8% CAP)
  • Long Term Commitment to the Site with Two 5-Year Renewal Options
  • 10% Base Rent Escalator in Years 6 & 11
  • Signed Personal Guarantee

OVERVIEW

• 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!

FOR SALE DETAILS

PRICE

$2,065,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stand-Alone / NNN Lease / Single Tenant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Distribution, Food Processing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

BU-2

APN/PARCEL ID

24-36-08-00-00272.0-0000.00

ASK ABOUT THIS PROPERTY

Zachary UllianThe Ullian Realty CorporationMore Info
321-750-3439

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Zachary UllianThe Ullian Realty CorporationMore Info
321-750-3439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.