Available For Sale - Retail

6,150 SF | Show Pricing $

LISTED BY

Billy Planes
RE/MAX 360 Real Estate,

AVAILABILITY DETAILS

Size
6,150 SF
Price/SF
Show Pricing $
Listing ID
SA532047
Notes
RE/MAX 360 Real Estate is delighted to present for sale the 100% fee simple interest of a dual-NNN Tenant property situated at 2560 South Washington Avenue (US Route 1), Titusville, FL. This property, consisting of 6,150 square feet on a 1.05-acre site, is prominently positioned on the northwest corner of the South Washington Avenue (US Route 1) and Harrison Street junction. The property is notably the southeast corner outparcel adjacent to Titus Landing, a significant ±297,000 square feet Lifestyle Center, featuring anchor tenants such as Hobby Lobby, Epic Theatres, Ulta, Bealls, and Harley Davidson.



The property was constructed in 2022 and fully leased to Chipotle and Sage Dental. Each is under a 10-year triple net (NNN) lease and includes 10% rent escalations every 5 years.



Chipotle (NYSE: CMG), established in 1993, is a top player in the U.S. fast-casual restaurant market, boasting over $7.5 billion in revenue in FYE 2021 and a net income of $653 million. With more than 2,900 U.S. locations, Chipotle plans significant expansion, including this location, which features their latest design and a Chipotlane Drive-Thru to enhance off-premises dining and overall revenue.



Sage Dental, started in 1997, is a rapidly growing Dental Support Organization (DSO) with over 80 sites in Florida and Georgia. In FYE 2021, Sage Dental reported an estimated Systemwide Revenue of around $196 million and is on track for considerable growth.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Billy Planes, RE/MAX 360 Real Estate