Absolute NNN-Leased
4130 Pine Tree Place, Cocoa, FL 32926
For Sale
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Absolute NNN warehouse with a 10-year tenant lease and rent escalation starting in year six.
Property Size7,181 SF
Price / SF$152.76
Days on Market170
Property Features for 4130 Pine Tree Place
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Additional Details
Business Included
Building Details
Year Built
Tenancy
Listing Agency:
Commercial Investment Advisors (CIA) Scottsdale
Listed By:
Justin Zahn · License FL SA545840000
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Aug 9 at 4:56AM
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 Commercial Investment Advisors (CIA) Scottsdale
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Investment Insights
Based on property information with market context.
This for-sale warehouse property is leased to Vincent Fire Protection & Plumbing under a 10-year Absolute NNN structure. The lease includes a 9.375% rental escalation beginning in the sixth lease year. The tenant is a third-generation Central Florida company with over 50 years of experience providing fully compliant fire protection and commercial plumbing solutions, supported by expert service and 24/7 emergency support.
The property is located at 4130 Pine Tree Place in Cocoa, Florida. The surrounding market is described as a commercial and aerospace corridor, with the remarks noting demand for fire suppression and plumbing systems across industrial, retail, and hospital sectors. Retailers listed within roughly 5 miles include Sam’s Club, Walmart, Publix, Aldi, Save-A-Lot, Dollar General, Dollar Tree, Tractor Supply, GameStop, T-Mobile, Advance Auto Parts, O’Reilly Auto Parts, and Walgreens. The Cocoa campus of Eastern Florida State College is noted as about 4 miles away, and Cape Canaveral Hospital | Health First is noted as about 11.5 miles away.
For buyers seeking a dependable, single-tenant, absolute NNN profile, this offering combines a committed 10-year lease term with scheduled rent escalation in year six. The tenant’s business focuses on fire protection and commercial plumbing services, including support for 24/7 emergency needs, which may align well with operators serving industrial and healthcare-adjacent end markets.
The property is located at 4130 Pine Tree Place in Cocoa, Florida. The surrounding market is described as a commercial and aerospace corridor, with the remarks noting demand for fire suppression and plumbing systems across industrial, retail, and hospital sectors. Retailers listed within roughly 5 miles include Sam’s Club, Walmart, Publix, Aldi, Save-A-Lot, Dollar General, Dollar Tree, Tractor Supply, GameStop, T-Mobile, Advance Auto Parts, O’Reilly Auto Parts, and Walgreens. The Cocoa campus of Eastern Florida State College is noted as about 4 miles away, and Cape Canaveral Hospital | Health First is noted as about 11.5 miles away.
For buyers seeking a dependable, single-tenant, absolute NNN profile, this offering combines a committed 10-year lease term with scheduled rent escalation in year six. The tenant’s business focuses on fire protection and commercial plumbing services, including support for 24/7 emergency needs, which may align well with operators serving industrial and healthcare-adjacent end markets.
Key Highlights
- Year built 2019 warehouse with a 10‑year absolute NNN tenant lease.
- Rent includes a 9.375% rental escalation starting at the beginning of the 6th lease year.
- Tenant: Vincent Fire Protection & Plumbing, a 3rd‑generation Central Florida company with 50+ years of experience.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,478
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,560
$989.6K
Cap Rate 7%
$706,829
$706.8K
Cap Rate 9%
$549,756
$549.8K
Market Conditions
NOI Build-Up for 7,181 SF
Gross rent
$60.3K $8.40/SF
− Vacancy
−$2.1K −$0.29/SF
EGI
$58.2K $8.11/SF
− OpEx
−$8.7K −$1.22/SF
NOI
$49.5K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,560
Cap Rate 7%
$706,829
Cap Rate 9%
$549,756
Alternative Uses
Best Use
Warehouse
$706.8K
$618.5K – $824.6K
NOI $49,478 @ 7.0% cap · market cap 4.51%
Second Best
Industrial
$626.9K
$548.5K – $731.4K
NOI $43,883 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,579 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
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Business Placement
Demographics for 32926, FL
22,693
Population
10,796
Households
2.1
Avg Household Size
49
Median Age
22%
College-Educated
88%
High-School Grad
49.3 sq mi
ZIP Area
460
Density / Sq Mi
$65,092
Median Household Income
$36,795
Median Earnings
$1,297
Median Rent
$251,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN warehouse with a 10-year tenant lease and rent escalation starting in year six.
Where is this nnn property located?
The property is located at 4130 Pine Tree Place Cocoa, FL.
What is the asking price?
The asking price for this property is $1,097,000.
What are key features of this property?
This property features: Year built 2019 warehouse with a 10‑year absolute NNN tenant lease.; Rent includes a 9.375% rental escalation starting at the beginning of the 6th lease year.; Tenant: Vincent Fire Protection & Plumbing, a 3rd‑generation Central Florida company with 50+ years of experience.
