1400 N Singleton Ave - Freestanding FOR SALE


Titusville, FL 32796
$1,250,000 USD
239-537-5299
1400 N Singleton Ave, Titusville, FL for Sale
$1,250,000 USD
Freestanding - FOR SALE
1/3
null | 8.03% Cap Rate

1400 N Singleton Ave
Titusville, FL 32796


HIGHLIGHTS

  • Recent optional 5-year lease renewal; Leased through 9/30/2031 with potential extensions
  • Annual Rent through 9/30/26: $96,810 plus $3600 parking lot maintenance
  • Annual Rent 10/01/2026 through 9/30/2031: $106,491 plus $4200 parking lot maintenance
  • Interior remodeled May 2025
  • New LED parking lot lighting Oct 2024
  • New elastomeric roof coating Oct 2024

OVERVIEW

This has been a great retail location for the last 24 years. The Current Lease extends to 9/30/2031, with ~6.5 years remaining, but the owner is negotiating another 5-year renewal extension. The parking lot has been recently remodeled, and new LED lighting has been installed. The metal roof has also been recently inspected and repaired, and a 15-year elastomeric roof coating has been installed. The interior was upgraded in April 2025.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

8.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

5.35 AC

LAND SF

233,046 SF

ZONING

1100 - RETAIL STORE

APN/PARCEL ID

21-35-29-00-00550.0-0000.00

ASK ABOUT THIS PROPERTY

Bruce Preble, CCIMCommercial Realty Specialists, LLCMore Info
239-537-5299

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Bruce Preble, CCIMCommercial Realty Specialists, LLCMore Info
239-537-5299

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