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Single-Tenant Industrial

Florida Water Products - New 5-Year Lease Extension

2720 Center Pl, Melbourne, FL 32940

Listing Price: $1,667,000

Cap Rate
5.75%
Gross SF
11,320
Price/Gross SF
$147.26
Lot Size
0.96 acres
Year Built
1988
Rentable SF
11,320

Investment Overview

--Corporate Guaranteed Lease-- --Tenant has been Consistently Extending the Lease and Operating Successfully at this Location for 15+ Years --Florida Water Products is a Subsidiary of SRS Distribution – SRS Distribution was Named in the Top 80 of the 2021 Forbes’ Largest Private Companies List. SRS Distribution Reached $5.4 billion in Revenue by the Fiscal Year-End in October 2021, Earning the Company the 80th Spot of 225 Qualifying Companies. --NNN Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market --E-Commerce and Recession Proof Tenant --Excellent Opportunity to Invest in a Tenant with a Nationwide Presence at a Location with a Long Operating History --Pride of Ownership Property in Melbourne, FL-- --Dense, Infill Area with Over 100,000 Residents within 5 Miles of Subject Property --The Total Population of the Palm Bay-Melbourne-Titusville, FL MSA Metro is 568,080 --Located in a Dense Industrial Area with other National Brands such as TruGreen Lawn Care, Dyn Corporation, Trane Supply, 84 Lumber, Pepperidge Farms, ProSource Wholesale, Gulfeagle Supply, and Many More within Close Proximity to the Subject Property --Located Just 10 Miles from Melbourne Orlando International Airport

Investment Highlights

  • Brand New 5-Year Single Tenant Lease Extension in Tax Free State
  • Florida Water Products is a Well-Established Industrial Tenant - FWP is Among the Largest and Fastest Growing Distributors in the Industry
  • Florida Water Products is a Subsidiary of SRS Distribution, a Top 100 Private Company that has long Owned Distributors in Several Construction-Related Fields | SRS Revenue: $5.4B

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Single-Tenant Industrial

Florida Water Products - New 5-Year Lease Extension

Listing Price: $1,667,000

Cap Rate
5.75%
Gross SF
11,320
Price/Gross SF
$147.26
Lot Size
0.96 acres
Year Built
1988
Rentable SF
11,320

Investment Highlights

  • Brand New 5-Year Single Tenant Lease Extension in Tax Free State
  • Florida Water Products is a Well-Established Industrial Tenant - FWP is Among the Largest and Fastest Growing Distributors in the Industry
  • Florida Water Products is a Subsidiary of SRS Distribution, a Top 100 Private Company that has long Owned Distributors in Several Construction-Related Fields | SRS Revenue: $5.4B

Investment Overview

--Corporate Guaranteed Lease-- --Tenant has been Consistently Extending the Lease and Operating Successfully at this Location for 15+ Years --Florida Water Products is a Subsidiary of SRS Distribution – SRS Distribution was Named in the Top 80 of the 2021 Forbes’ Largest Private Companies List. SRS Distribution Reached $5.4 billion in Revenue by the Fiscal Year-End in October 2021, Earning the Company the 80th Spot of 225 Qualifying Companies. --NNN Industrial Property – Minimal Landlord Responsibilities, Which is Ideal for an Investor not Local to the Market --E-Commerce and Recession Proof Tenant --Excellent Opportunity to Invest in a Tenant with a Nationwide Presence at a Location with a Long Operating History --Pride of Ownership Property in Melbourne, FL-- --Dense, Infill Area with Over 100,000 Residents within 5 Miles of Subject Property --The Total Population of the Palm Bay-Melbourne-Titusville, FL MSA Metro is 568,080 --Located in a Dense Industrial Area with other National Brands such as TruGreen Lawn Care, Dyn Corporation, Trane Supply, 84 Lumber, Pepperidge Farms, ProSource Wholesale, Gulfeagle Supply, and Many More within Close Proximity to the Subject Property --Located Just 10 Miles from Melbourne Orlando International Airport

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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