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.