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Gerber Collision & Glass | Double (NN) Net Lease Investment

$996,923

230 Rosa L Jones Drive, Cocoa, FL 32922

Active
Last Updated: 06/30/2021

6.5

Cap Rate

64,800

NOI

Details:
Cap Rate:    6.5%
NOI:    $64,800
Building Size:    7,200 sqft
Lot Area:    0.65 acres
Lease Type:    Double Net
Year Built:    1985
Price Per Sqft:    $138.46
Roof & Structure :    Landlord Responsibility
Repairs, Maintenance, HVAC & Utilities :    Tenant’s Responsibility
Property Taxes, Insurance & Common Area :    Tenant's Responsibility
Highlights:
  • Paying Rent in Full During Pandemic Proving the Ability to Perform at This Location
  • Corporate Guaranteed By Parent Company Boyd Group, Which is Publicly Traded on Toronto Stock Exchange
  • Gerber Collision Operates Over 500 Locations Across the United States
  • Strategically Located at the Signalized Corner of Rosa L Jones Drive and Route 1 (or Rockledge Blvd) and Sees a Traffic Count of Over 41,029 VPD
  • Excellent Demographics With a Population of Over 97,111 Residents Making an Average Household Income of $74,173 Within a 5-Mile Radius
  • Cocoa is Located 1 Hour From Orlando and 30 Minutes South of the Kennedy Space Center
  • Cape Canaveral Air Force Station is an Installation of the United States Space Force's 45th Space Wing and Known For Famous Space Launches of the First US Earth Satellite in 1958 and the First US Astronaut in 1961
  • Less Than 20 Minutes to the Famous Cocoa Beach Where Several Surfing Festivals Are Held and Bring in Over 100,000 Spectators Annually
  • Nearby Ulumay Wildlife Sanctuary is Approximately 1,500 Acres of Conservation Wet land Areas and Bird Preserve Surrounded By a Dike With Trails and Canals For Hiking and Paddling
  • Neighboring Tenants Include: Arby’s, Dunkin’, Papa John’s, Chevron, Sherwin-Williams, U-Haul, Advance Auto Parts, AutoZone and More
Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 7,200 SF Gerber Collision & Glass Located at 230 Rosa L Jones Road in Cocoa, Florida. This Deal Includes a Tenant That Has Been Paying Rent in Full During the Pandemic Proving the Ability to Perform at This Location.





In Cooperation With SIG RE Services, LLC Lic. # CQ1055229

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