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    FOR SALE
    Strip malls

    2560 South Washington Ave, Titusville, FL 32780

    6,150 SF 1.05 ac lot Built 2022
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US19-0099044
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2022
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 6,150 SF
    Lot 1.05 ac (45,738 SF)
    APN 22-35-15-02-00000.0-0005.01
    UPID US19-0099044
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Sage Dental of Titusville Dental Office
    • Chipotle Mexican Grill Restaurant Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.88M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.20M
    Owner & transaction history
    Vinr LLC · 3 yrs held
    Vinr LLC
    since 2023
    Last sale
    $4.5M
    1 recorded transaction
    2023
    $4.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $3.1M +266.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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