3700 N Highway 1, Cocoa, FL 32926

Property Description

Excellent opportunity to purchase a recently renovated single tenant NNN investment property in booming Brevard County! Introducing 3700 N. Highway 1 which is a 10,570 SF retail showroom/warehouse that is leased to Juniper Mountain Coffee. Initial lease term is March 7, 2024 - March 6, 2029. Rent is $11,700/month NNN + OPEX. Est. 2026 NOI is $140,400 which is a 7.0% CAP. Long term commitment to the building with Two 5-year renewal options. There are 10% base rent escalators in years 6 & 11 of the lease (should the Tenant renew). Building underwent a full renovation in 2024.... 100% HVAC, LED Lighting, Polished concrete flooring. Clear height ranges 12' 6'' - 16' +/-. There is one 10' wide x 12' tall +/- grade level door. Utilities include City Water, Septic, Piped Underground Natural Gas, and 3-Phase FPL Electric. There are 25 asphalt paved/striped/illuminated parking spaces. Traffic count is est. 32,500 VPD on US1.