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Storefront For Sale • 16,976 SF
| Fully Leased Retail Asset- The property boasts 100% occupancy across five tenants with long-term leases in place, ensuring stable & predictable income |
| Tenants have 4% - 6% Annual Rent Increases |
| Triple Net (NNN) Lease Structure- All leases are NNN, shifting responsibility for taxes, insurance, and common area maintenance to tenants |
| Prime Downtown Cocoa Location- Situated on historic Brevard Avenue, the asset benefits from strong foot traffic, proximity to Cocoa Riverfront Park |
| 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 |
| Strong Rental Momentum- Market base rents projected to grow with annual escalations, increasing NOI steadily through the 5-year cash flow forecast |
| Cap Rate: | 8.01 % |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Melbourne Orlando International | 39 min | - | 22.1 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 27 |
| Type: | Surface |
| Included in Rent: | Yes |
Dylan Morse
Franklin Street
Dylan Morse
Franklin Street
