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29384390

2959 Garden St, Titusville, FL 32796 For Sale

VD
FL FL-3478927
Lightle Beckner Robison Inc
JR
FL 3113472
Lightle Beckner Robison Inc
Listed by Lightle Beckner Robison Inc
$2,900,000
174 days on market
Updated 13 days ago

Harbor Freight + Value Add

Details
Property Type Retail
Sub Type Storefront
Square Footage 21,368
Net Rentable (SqFt) 21,368
Units 2
Cap Rate 4.82%
NOI $139,669
Occupancy 74.62%
Tenancy Multi
Brand/Tenant Harbor Freight
Lease Type NNN
Lease Expiration 01/31/2031
Remaining Term 4.5
Lease Options 15 Years
Pro-Forma Cap Rate 7.93%
Pro-Forma NOI $230,000
Price per SqFt $136
Class B
Year Built 1966
Year Renovated 2021
Buildings 1
Stories 1
Acreage 2.670
Investment Type Value Add
Tenant Credit Credit Rated
Ground Lease No

Freestanding | Value Add | 21,368 SqFt

Marketing description

2959 Garden Street is a 21,368-square-foot retail building anchored by Harbor Freight Tools, a
nationally recognized tenant occupying approximately 15,944 square feet. The remaining 5,424-square-
foot suite is currently vacant, offering immediate upside through lease-up in a corridor with strong
traffic and retail demand. With excellent visibility along Garden Street and proximity to established
commercial operators, the property presents a compelling investment opportunity in the expanding
North Brevard marketplace.

Investment highlights

Experience the vitality of Garden St. Retail, one of Titusville's prime retail corridors. Situated near the expanding Space Center, home to SpaceX, Blue Origin, and NASA's growing workforce, this location offers a prime opportunity for retail investment. The plaza's close proximity to Publix and Walgreens further enhances its appeal, making it an ideal choice for retail and street retail investors or tenants looking to establish a strong presence in the thriving Brevard market.

Listing Contacts

VD
FL FL-3478927
Lightle Beckner Robison Inc
JR
FL 3113472
Lightle Beckner Robison Inc
Listed by Lightle Beckner Robison Inc

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,669.00
$11,639.08/mo

Valuation Metrics

0
DSCR
4.82%
Cap Rate
4.82%
ROI

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Property History

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Additional Information

Name
Vitor De Sousa, CCIM
License
FL-3478927
Brokerage
Lightle Beckner Robison, Inc.
Title
Sales Associate
Brokerage Address
70 West Hibiscus Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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