2560 S Washington Ave - Restaurant FOR SALE


Titusville, FL 32780
$4,700,000 USD
305-772-8513
2560 S Washington Ave, Titusville, FL for Sale
$4,700,000 USD
Restaurant - FOR SALE
1/20
null | 5.38% Cap Rate

2560 S Washington Ave
Titusville, FL 32780


HIGHLIGHTS

  • Corporate Guarantees – Both tenants backed by corporate entities
  • NNN Leases – Chipotle & Sage Dental
  • Built-In NOI Growth – Contractual 10% rent increases lift returns from 5.38% to 5.92% within two years
  • Additional upside available through contractual administrative fees.
  • 2022 Construction – Modern build with minimal landlord responsibilities
  • Lifestyle Center Outparcel – Outparcel to Titus Landing (±350,000 SF), anchored by major national retailers.

OVERVIEW

RE/MAX 360 Real Estate is pleased to present the 100% fee simple interest in a dual-tenant NNN investment located at 2560 South Washington Avenue (US-1) in Titusville, Florida. The property totals 6,150 SF on 1.05 acres. It sits on a prime signalized corner at US-1 & Harrison Street, serving as the high-visibility southeast outparcel to Titus Landing, a ±350,000 SF lifestyle center anchored by Hobby Lobby, Epic Theatres, Ulta, Bealls, and other national retailers. Pricing & Cap Rate Growth Offered at $4,700,000, the property produces a Base NOI of $252,638 (5.38% cap). Additionally, ownership collects approximately +/- 12,000 in administrative fees, providing additional income upside for an Adjusted NOI of $264,638 (5.63% capitalization rate) Both tenants benefit from 10% fixed rent increases, delivering reliable income growth: 2027 – Chipotle: Base NOI increases to $262,958 (5.60% cap rate) 2028 – Sage Dental: Base NOI increases to $277,920 (5.92% cap rate) (Additional upside available through contractual administrative fees.) High-Quality Corporate Tenants (Both Corporate Guaranteed) Chipotle Mexican Grill (NYSE: CMG): initial 10-year corporate-guaranteed NNN lease featuring the newest Chipotlane drive-thru prototype. Sage Dental – Corporate-guaranteed NNN lease with one of the fastest-growing Dental Support Organizations in the Southeast.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$764 USD /SF

CAP RATE

5.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle & Sage Dental NNN - Corp Guarantees

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C

APN/PARCEL ID

22-35-15-02-00000.0-0005.01

ASK ABOUT THIS PROPERTY

Billy PlanesRE/MAX 360 Real EstateMore Info
305-772-8513

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Billy PlanesRE/MAX 360 Real EstateMore Info
305-772-8513

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