3700 3700 Cocoa, FL 32926

Property Details for 3700 3700

Year built

1983

Lot size

0.84 lot acres

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 10,570 square foot income-producing property situated on a 0.84-acre lot in Cocoa, Florida. Currently leased to Juniper Mountain Coffee, the property boasts a strong, long-term lease agreement extending from March 7, 2024, to March 6, 2029, with two five-year renewal options. The tenant pays a monthly rent of $11,700 plus operating expenses, projecting a net operating income (NOI) of $140,400 in 2025. The lease includes a 10% base rent increase in years six and eleven, providing built-in growth potential. The property features a modern metal structure, completely renovated in 2024, with a polished concrete floor, 100% HVAC, and energy-efficient LED lighting. Clear ceiling heights range from 12'6" to 16' plus or minus, and there's one 10' wide x 12' tall grade-level door. Utilities include city water, septic, piped natural gas, and three-phase FPL electric. Ample parking is available with 25 paved and striped spaces. This prime location offers exceptional access to major employers and strategic infrastructure, including proximity to Kennedy Space Center, Port Canaveral, Patrick Space Force Base, Blue Origin, SpaceX, NASA, and Boeing. The property is managed under a triple-net (NNN) lease structure, meaning taxes, insurance, and building maintenance are the tenant's responsibility. This is a rare opportunity to acquire a high-performing commercial property in a thriving market.

Location Insight

City

Cocoa

County

Brevard

State

Florida

Longitude

-80.7545

Latitude

28.4155