IHop

Highlights:

• Absolute Net Lease with Zero Landlord Responsibilities
• 1 Year Remaining in the Term with 1, 3-Year Option
• Long-Term Commitment to the Site with Over 50 Years at this Location
• Recent tenant improvements include a new roof, updated building face, and a interior remodel featuring upgraded seating and kitchen
• Situated Within a Retail Corridor Surrounded by National Retailers Including Sam's Club, McDonald's, Subway, Dunkin' and Domino's
• Excellent Visibility with Signage and Frontage Along W King Street which has Daily Traffic Counts Exceeding 23,000
• Located in Close Proximity to Interstate 95 which has Daily Traffic Counts Exceeding 82,240
• Guaranteed by Sunshine Restaurant Holdings LLC | Operator with 150 Locations in Florida and 3 in Southern Georgia and Aggressive Growth Plans
• Estimated Population Growth for the Next 5 Years Exceeds 11% Within a 1-Mile Radius

Description:

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Cocoa is a historic city located in Brevard County on Florida’s Space Coast. Nestled along the Indian River Lagoon and just minutes from the Atlantic Ocean, Cocoa offers proximity to Cape Canaveral and the Kennedy Space Center, two of the region’s most prominent economic and cultural landmarks. As of the 2020 census, Cocoa had a population of approximately 19,000, and it plays a key role in the broader Palm Bay–Melbourne–Titusville metropolitan area, which has a population of over 600,000.

Cocoa is part of a region known for its aerospace, defense, and high-tech industries, which are driven by nearby employers such as NASA, SpaceX, Blue Origin, and L3Harris Technologies. The area is also supported by Port Canaveral, one of the busiest cruise and cargo ports in the United States, contributing significantly to local economic activity.

Cocoa’s historic downtown district serves as a commercial and cultural hub, featuring locally owned shops, restaurants, and entertainment venues. The nearby Eastern Florida State College and growing tourism from the Space Coast and cruise industry continue to boost the area’s service economy. Cocoa is also home to the Cocoa Village Playhouse and the Florida Historical Society, reinforcing its position as a center for arts, history, and education on the Space Coast.

The city is undergoing steady redevelopment, with initiatives to improve public spaces, support small business growth, and enhance waterfront access. In recent years, Cocoa has seen increased investment in infrastructure, including improved transportation links via Interstate 95, U.S. Route 1, and the new Brightline high-speed rail, which connects the Space Coast to South and Central Florida, further boosting regional connectivity and economic growth.