Cocoa Beach, FL - Former Restaurant
$2,400,000
1245 N Atlantic Ave, Cocoa Beach, FL 32931
5.77
Cap Rate
150,000
NOI
Details:
Description:
• Former Denny’s
• Potential retail/commercial redevelopment
• Situated on a 1.37 AC parcel with ample parking
• The site is currently operating but will be delivered as vacant at COE
• The subject property is located less than a mile from Banana River Square, a Publix Supermarket anchored square with many other local tenants
• Less than 5-miles from Health First’s Cape Canaveral Hospital, the largest hospital in Cocoa Beach with over 150 beds
• The Denny’s is located in the primary retail corridor, with many nearby national/credit tenants including CVS, Walgreens, Bealls, Winn-Dixie, Dairy Queen, McDonald’s, and more
• Strong tenant synergy promotes crossover shopping to the subject property
Location
Gallery