For Sale
$2,650,000

100 4Th AveIndialantic, FL 32903

Prime Retail Investment, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This 7,800 sq ft storefront in Indialantic, FL, is listed at $2,650,000 ($339/sq ft) with a 5.55% cap rate and a strong NOI of $147,172. Located on A1A, directly across from the Indialantic Ocean Beach Boardwalk, this property benefits from a recently exercised lease option with approximately 4.5 years remaining on the base term. The roof was replaced in 2019 and includes a 20-year transferable warranty. The property enjoys minimal landlord responsibilities, with the tenant covering most maintenance costs including structure, HVAC, parking lot, and insurance. Landlord responsibilities are limited to roof maintenance and property taxes. The surrounding area boasts strong demographics, with an average household income of $110,000 within a 5-mile radius encompassing a population of 87,822. Its strategic location near Publix, Starbucks, and the Indialantic Shopping Center, coupled with the economic growth driven by Kennedy Space Center, Cape Canaveral Air Station, SpaceX, Boeing, and Port Canaveral, makes this a compelling investment opportunity.

Highlights

  • Surf Style recently exercised their option, leaving approximately 4 years remaining on the lease term.
  • New roof installed in 2019 with a 20-year transferable warranty.
  • Excellent demographics: 87,822 residents within a 5-mile radius, average household income $110,000.
  • Prime A1A location across from Indialantic Ocean Beach Boardwalk, near Publix, Starbucks, and Indialantic Shopping Center.
  • Strong economic growth driven by Kennedy Space Center, Cape Canaveral Air Station, SpaceX, Boeing, and Port Canaveral.
  • Low landlord responsibilities: Tenant responsible for building maintenance, HVAC, parking lot, and insurance; landlord responsible for roof and property taxes.

Property Details for 100 4Th Ave

Property type
Retail properties, Retail space

Location Insight

City
Indialantic
County
Brevard
State
Florida
Latitude
28.0925517
Longitude
-80.5675538
100 4Th Ave, Indialantic, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
100 4Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message