$1,900,000
$1,995,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
3700 N Highway 1 Cocoa, FL 32926
4 Baths
10,570 SqFt
Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 10,570 sqft
Price per Sqft $179
MLS Listing ID 1076970
Sold Date 10/05/26
Total Fin. Sqft 10570
Year Built 1983
Annual Tax Amount $17,887
Tax Year 2025
Lot Size 0.840 Acres
Acres 0.84
Property Sub-Type Retail
Source Space Coast MLS (Space Coast Association of REALTORS®)
Land Area 10570
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.
Location
State FL
County Brevard
Area 107 - Port St. John
Direction Starting on SR 528 turn north onto US1. Property is located on the east side of US1. If you get to Silver Hill Lane then you have gone too far north.
Interior
Cooling Central Air
Flooring Concrete
Exterior
Exterior Feature ExteriorFeatures
Parking Features Parking Lot
Utilities Available Electricity Connected, Natural Gas Available, Water Connected
Present Use Commercial,Industrial,Retail
Road Frontage Highway
Garage No
Building
Lot Description Cleared
Sewer Septic Tank
Water Public
Others
Senior Community No
Tax ID 24-36-08-00-00272.0-0000.00
Special Listing Condition Presently Leased
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Bought with Non-MLS or Out of Area
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