Renovated Single-Tenant NNN Retail
3700 N Highway 1 Cocoa, FL 32926
For Sale
$1,995,000
Recently renovated single-tenant retail showroom/warehouse is leased on an NNN basis through March 2029.
Property Size10,570 SF
Price / SF$188.74
Days on Market107
Property Features for 3700 N Highway 1
General Information
- Standard status
- Active
- Size
- 10,570 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1983
Listing Agency:
The Ullian Realty Corporation
(321) 750-3439
Listed By:
Zachary Ullian · License #3445627
(321) 750-3439
Source:
Xome
Added: Apr 8
Changed: Jul 23
Last Checked: Jul 23 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
3700 N. Highway 1 is a recently renovated single-tenant retail showroom/warehouse leased to Juniper Mountain Coffee on an NNN basis. The property was fully renovated in 2024 and includes 100% HVAC, LED lighting, and polished concrete flooring. Clear height ranges from approximately 12’6” to 16’+/- and the building has one 10’ wide by 12’ tall +/- grade level door.
The building provides City Water and Septic service, with piped underground natural gas and 3-phase FPL electric. There are 25 asphalt paved/striped/illuminated parking spaces, and traffic is estimated at 32,500 VPD on US 1.
The initial lease term runs March 7, 2024 through March 6, 2029, with two additional 5-year renewal options. The offering indicates 10% base rent escalators in years 6 and 11 if the tenant renews.
The building provides City Water and Septic service, with piped underground natural gas and 3-phase FPL electric. There are 25 asphalt paved/striped/illuminated parking spaces, and traffic is estimated at 32,500 VPD on US 1.
The initial lease term runs March 7, 2024 through March 6, 2029, with two additional 5-year renewal options. The offering indicates 10% base rent escalators in years 6 and 11 if the tenant renews.
Key Highlights
- 10,570 SF single‑tenant retail showroom/warehouse on an NNN basis, leased to Juniper Mountain Coffee.
- Initial lease runs March 7, 2024 through March 6, 2029, with two 5‑year renewal options.
- Renovated in 2024 with 100% HVAC and LED lighting; polished concrete flooring.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.3k | $18.00 |
| − Vacancy | −$16.2k | −$1.53 |
| EGI | $174.1k | $16.47 |
| − OpEx | −$52.2k | −$4.94 |
| NOI | $121.9k | $11.53 |
10,570 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,862 @ 7.0% cap · market cap 6.11%
Second Best
Warehouse
$1.04M
$910.4K – $1.21M
NOI $72,828 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,207 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Recently renovated single-tenant retail showroom/warehouse is leased on an NNN basis through March 2029.
Where is this retail space located?
The property is located at 3700 N Highway 1 Cocoa, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 10,570 SF single‑tenant retail showroom/warehouse on an NNN basis, leased to Juniper Mountain Coffee.; Initial lease runs March 7, 2024 through March 6, 2029, with two 5‑year renewal options.; Renovated in 2024 with 100% HVAC and LED lighting; polished concrete flooring.
