For Sale
$3,838,995

2701 Clearlake RdCocoa, FL 32926

NNN Leased, Strong Tenants, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 12,622 square foot retail shopping center in Cocoa, Florida, presents a compelling net lease investment opportunity. Boasting a 100% occupancy rate with Dollar Tree and AT&T as tenants, this property offers a secure, long-term income stream. Dollar Tree, a corporate guarantor, enjoys a 7-year remaining lease, while AT&T's lease extends for another 3 years. The property, built in 2009 and renovated in 2020 (including a new roof), sits on a 1.06-acre lot in a high-traffic area with over 22,000 average daily traffic counts. Benefiting from a prime location near a Walmart Supercenter, the center enjoys exceptional visibility and accessibility. The strong tenant base, combined with a 5.52% cap rate and a Net Operating Income (NOI) of $211,954, makes this a highly attractive investment. The property's strategic location within a 5-mile radius boasting a population exceeding 78,000 and an average household income over $113,000 further enhances its investment potential. All expenses are reimbursed by the tenants, minimizing operational concerns. This fee-simple ownership opportunity provides a stable and lucrative return on investment. The asking price is $3,838,995, translating to $304.15 per square foot.

Highlights

  • Fully leased net-leased investment property anchored by Dollar Tree and AT&T.
  • Long-term tenants with 10+ year history at this location.
  • High-visibility location at a signalized intersection.
  • New roof installed in 2020.
  • 5-mile population exceeding 78,000.
  • 5-mile average household income over $113,000.

Property Details for 2701 Clearlake Rd

Property type
Lifestyle centers, Power centers
Square Feet
12,622 SF
Year Built/Renovated
2009/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
46,174 SF

Location Insight

City
Cocoa
County
Brevard
State
Florida
Latitude
28.39486727241
Longitude
-80.755496623057
2701 Clearlake Rd, Cocoa, Florida

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2701 Clearlake Rd
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