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Denny's | Brand New 15 Yr Lease 1245 N Atlantic Ave 7,952 SF Retail Building Cocoa Beach, FL 32931 $3,489,800 CAD ($438.86 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-Year Lease | Strong Franchisee (200+ Unit Operator) | Well-Known & Established Brand
- Banana River Square | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Established (200+ Unit Operator) - Contact Agent for Details on Units under the Lease
• EYM Group is a multi-brand franchisee company of Denny’s, Pizza Hut, and Panera Bread restaurants
• The tenant, Denny’s, will sign a brand new 15 year lease at the close of escrow, demonstrating their commitment to the site
• The lease features 10% rental increases every 5-years throughout the initial term and at the beginning of the option period, providing a hedge against inflation and steadily growing NOI
• EYM Group is a multi-brand franchisee company of Denny’s, Pizza Hut, and Panera Bread restaurants
• The tenant, Denny’s, will sign a brand new 15 year lease at the close of escrow, demonstrating their commitment to the site
• The lease features 10% rental increases every 5-years throughout the initial term and at the beginning of the option period, providing a hedge against inflation and steadily growing NOI
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,952 SF
Building Class
B
Year Built
1982
Price
$3,489,800 CAD
Price Per SF
$438.86 CAD
Cap Rate
6%
NOI
$209,388 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.37 AC
Zoning
RM2
Parking
62 Spaces (7.8 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25-37-10-00-00014.0-0000.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,478,419 CAD |
PROPERTY TAXES
Parcel Number
25-37-10-00-00014.0-0000.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,478,419 CAD
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Denny's | Brand New 15 Yr Lease | 1245 N Atlantic Ave
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