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    2560 Washington Ave Titusville, FL 32780

    Sponsored
    For Sale
    $5,150,000

    Prime location, strong tenants, high NOI.

    Property size:
    6,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple ownership of a 6,150-square-foot retail property in Titusville, Florida. Located at 2560 S Washington Ave, this Class A, single-story building sits on a 1.05-acre lot and boasts 51 parking spaces. Currently 100% occupied by two credit-rated tenants, Chipotle and Sage Dental, under a triple-net (NNN) lease structure with a remaining term of 9 years. The lease includes a 10% rent increase every five years, ensuring consistent income growth. Chipotle's presence, including a Chipotlane drive-thru, and Sage Dental's established reputation contribute to the property's strong financial performance. The property's NOI is $252,638, resulting in a 4.91% cap rate. Built in 2022, the property benefits from its strategic location within the Titus Landing Lifestyle Center, a significant retail development anchored by major brands. The property is zoned UV - Urban Village, and its location on the Space Coast, near Kennedy Space Center and Orlando, provides access to a thriving tourism and aerospace industry. This core investment offers a compelling combination of strong tenants, a desirable location, and significant upside potential. The asking price is $5,150,000, translating to $837.40 per square foot.

    Property Features for 2560 Washington Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,150 SF
    Class
    A
    Lot Size
    45,738 SF

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    1

    HighLights

    • Outparcel building at Titus Landing.
    • Newly constructed in 2022.
    • Tenanted by Chipotle and Sage.
    • Chipotle features a Chipotlane drive‑thru.
    • 6,150 square foot building on a 1.05‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sage Dental of Titusville Dentist Chipotle Mexican Grill Fast Food Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Titusville
    County
    Brevard
    State
    Florida
    Longitude
    -80.8019175
    Latitude
    28.5845996

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, strong tenants, high NOI.
    Where is this individual retail property located?
    The property is located at 2560 Washington Ave Titusville, FL.
    What is the asking price?
    The asking price for this property is $5,150,000.
    What are key features of this property?
    This property features: Outparcel building at Titus Landing.; Newly constructed in 2022.; Tenanted by Chipotle and Sage.
    Request Owner's contact information
    2560 Washington Ave Titusville, FL 32780
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2560 Washington Ave Titusville, FL 32780
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