1245 N Atlantic Ave - Restaurant FOR SALE


Cocoa Beach, FL 32931- Coastal Brevard
$3,072,000 USD
714-404-8849
1245 N Atlantic Ave, Cocoa Beach, FL for Sale
$3,072,000 USD
Restaurant - FOR SALE
1/6
null | 5% Cap Rate

1245 N Atlantic Ave
Cocoa Beach, FL 32931
Coastal Brevard


HIGHLIGHTS

  • New 15-Year Lease | Strong Franchisee (200+ Unit Operator) | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Banana River Square | Primary Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The lease is guaranteed by an established (200+ Unit Operator) • EYM Group is a multi-brand franchisee company of Denny’s, Pizza Hut, and Panera Bread restaurants • The tenant, Denny’s, will sign a brand new 15 year lease at the close of escrow, demonstrating their commitment to the site • The lease features 10% rental increases every 5-years throughout the initial term and at the beginning of the option period, providing a hedge against inflation and steadily growing NOI

FOR SALE DETAILS

PRICE

$3,072,000 USD

PRICE/SF

$531 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's | Brand New 15 Yr Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

RM2

APN/PARCEL ID

25-37-10-00-00014.0-0000.00

ASK ABOUT THIS PROPERTY

Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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Matthew MousaviSRS National Net LeaseMore Info
714-404-8849

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