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Cocoa Beach, FL - Denny's

$2,850,000

1245 N Atlantic Ave, Cocoa Beach, FL 32931

Active
Last Updated: 06/12/2025

5.47

Cap Rate

155,760

NOI

Details:
Cap Rate:    5.47%
NOI:    $155,760
Building Size:    7,952 sqft
Description:

• 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

• 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

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