820 Cheney Hwy Titusville, FL 32780-6961

This exceptional investment opportunity presents a fee-simple ownership of a 6,826 square foot retail property located at 820 Cheney Hwy, Titusville, FL 32780. The property, built in 1999, sits on a 1.99-acre lot and is currently 100% occupied by a portfolio of nationally recognized auto parts tenants including AutoZone, Advanced Auto Parts, O'Reilly Auto Parts, Goodyear Auto Service, and AutoNation. The property benefits from a strong 15-year net lease with a corporate guarantee from Advance Auto Parts, an investment-grade credit tenant (S&P Rated: BBB-), ensuring consistent rental income. The lease, initiated in 2020, has 8.5 years remaining on the base term, with five, 5-year options. Rent increases by 10% every five years, providing significant long-term growth potential. The property boasts a strong location, with daily traffic counts exceeding 16,200 vehicles, situated near the John F. Kennedy Space Center and Port Canaveral, in a high-growth area with a 5-mile population of 52,782 and an average household income of $90,539. The asking price is $1,804,986, representing a 6.00% cap rate and a current net operating income (NOI) of $108,299. This is a rare opportunity to acquire a stable, high-performing retail investment in a prime Florida location.