Cancer Care Centers of Brevard
Merritt Island, Florida
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NNN Pro Group is pleased to present the exclusive listing for a Cancer Care Centers of Brevard located at 215 Cone Road in Merritt Island, Florida. The site consists of roughly 6,744 rentable square feet of building space on estimated 0.75-acre parcel of land. This Cancer Care Center of Brevard is subject to a 5-year Double Net (NN) lease, which commenced June 26th, 2008. The current annual rent is $173,700 and is scheduled to increase variably between two (2%) and five (5%) percent throughout the base and extended term based on the Consumer Price Index. There are two (2), five-year (5) renewal options.
*For the period from June 25, 2026 through June 30, 2028, Tenant may, upon one hundred eighty (180) days’ written notice to Landlord, terminate the Lease.
About the Investment:
– Approximately ±5 Years Remaining on a Double Net Lease | Landlord Responsible for Roof & Structure
– Variable Annual Rental Increases Based on Consumer Price Index No Less than 2% and No More than 5% | Great Hedge Against Inflation
– Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 25 Years