Downtown Cocoa Retail | NNN Leases
Retail | 8.27% CAP | 16,976 SqFt | 4%-6% Annual Rent Increases
Marketing description
105–113 Brevard Avenue is a 100% occupied, multi-tenant retail property located in the heart of Historic Downtown Cocoa. The building totals 16,976 SF and sits on a 0.29-acre lot, comprised of six retail units with a strong, diverse tenant mix including Cleopatraink LLC, CPR Training Co., Sip Happens in the Village, Stoner's Pizza Joint, High Sense Smoke, and Records Co.
The property provides stable in-place cash flow with all tenants operating on NNN leases, with the exception of Records Co., which is on a gross lease. This structure offers minimal landlord responsibility while maintaining operational flexibility.
Originally built in 1923, the asset blends historic charm with modern functionality, attracting both local foot traffic and visitors. It is well-positioned along Brevard Avenue with strong visibility and is supported by nearby corridors including King Street and Willard Street, each seeing approximately 14,000 vehicles per day.
The surrounding area continues to see growth, with nearly 96,000 residents within a five-mile radius and strong household income levels. Located within the highly desirable Cocoa Village district, the property benefits from consistent pedestrian traffic, community events, and proximity to waterfront attractions that drive tenant performance and long-term rent growth.
105–113 Brevard Avenue presents an opportunity to acquire a well-maintained, fully leased multi-tenant retail asset with minimal landlord responsibilities in one of Brevard County's most vibrant and walkable retail corridors.
Investment highlights
- Retail Asset- 100% occupancy across six units with long-term leases in place, ensuring stable and predictable income.
- Triple Net (NNN) Lease Structure- All leases are NNN, shifting responsibility for taxes, insurance, and common area maintenance to tenants, maximizing investor returns.
- Prime Downtown Cocoa Location- Situated on historic Brevard Avenue, the asset benefits from strong foot traffic, proximity to Cocoa Riverfront Park, and nearby civic institutions like the Central Brevard Library and Historic Cocoa Village.
- Solid Demographic Base- Over 95,000 residents live within a 5-mile radius, with an average household income of $95,214—supporting ongoing retail demand.
- Strong Rental Momentum- Market base rents projected to grow with annual escalations, increasing NOI steadily through the 5-year cash flow forecast.
- Historic Character with Modern Utility- Originally built in 1923, the building delivers architectural charm with modern tenant utility and usability across 16,976 SF.
- Efficient Site Coverage- Sited on a 0.29-acre lot, the property maximizes land use efficiency while maintaining strong street visibility.
- Attractive annual rent increases ranging from 4-6% provide built-in income growth and strong inflation protection
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