100 4th Ave Indialantic, FL 32903-3112

This 7,800 sq ft storefront in Indialantic, FL, is listed at $2,650,000 ($339/sq ft) with a 5.55% cap rate and a strong NOI of $147,172. Located on A1A, directly across from the Indialantic Ocean Beach Boardwalk, this property benefits from a recently exercised lease option with approximately 4.5 years remaining on the base term. The roof was replaced in 2019 and includes a 20-year transferable warranty. The property enjoys minimal landlord responsibilities, with the tenant covering most maintenance costs including structure, HVAC, parking lot, and insurance. Landlord responsibilities are limited to roof maintenance and property taxes. The surrounding area boasts strong demographics, with an average household income of $110,000 within a 5-mile radius encompassing a population of 87,822. Its strategic location near Publix, Starbucks, and the Indialantic Shopping Center, coupled with the economic growth driven by Kennedy Space Center, Cape Canaveral Air Station, SpaceX, Boeing, and Port Canaveral, makes this a compelling investment opportunity.