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Net Lease

Herc Rentals - Viera, FL

1100 Viera Blvd, Rockledge, FL 32955

Listing Price: $4,472,727

Cap Rate
5.50%
Lot Size
2.40 acres
Year Built
1988
Rentable SF
7,500

Investment Overview

• Property Fully Renovated to Tenant’s Specifications - Over $750,000 in CapEx | Pristine Facility • Strategic Expansion on Florida’s Space Coast - Close to Kennedy Space Center & Blue Origin • 350+ Feet of Direct Frontage on Viera Boulevard - Two Points of Access near Lighted Intersection • Quick Access to US-1 and Interstate-95 - Perfectly Situated to Dispatch Deliveries Efficiently • Tremendous Population Increase - Over a 13% Uptick in the Last 10 Years • Substantial Development in the Immediate Area - New Retail and Residential Projects

Investment Highlights

  • •Corporate Lease with Herc Rentals | NYSE: HRI - Third Largest Equipment Rental Company in the U.S.
  • • New 10-Year NNN Lease | Commenced 2023 - 2% Annual Increases with Three Five-Year Options
  • • Blended Cap Rate of 6.02% - Average Yield Over the Initial 10-Year Term

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Financing By

Net Lease

Herc Rentals - Viera, FL

Listing Price: $4,472,727

Cap Rate
5.50%
Lot Size
2.40 acres
Year Built
1988
Rentable SF
7,500

Investment Highlights

  • •Corporate Lease with Herc Rentals | NYSE: HRI - Third Largest Equipment Rental Company in the U.S.
  • • New 10-Year NNN Lease | Commenced 2023 - 2% Annual Increases with Three Five-Year Options
  • • Blended Cap Rate of 6.02% - Average Yield Over the Initial 10-Year Term

Investment Overview

• Property Fully Renovated to Tenant’s Specifications - Over $750,000 in CapEx | Pristine Facility • Strategic Expansion on Florida’s Space Coast - Close to Kennedy Space Center & Blue Origin • 350+ Feet of Direct Frontage on Viera Boulevard - Two Points of Access near Lighted Intersection • Quick Access to US-1 and Interstate-95 - Perfectly Situated to Dispatch Deliveries Efficiently • Tremendous Population Increase - Over a 13% Uptick in the Last 10 Years • Substantial Development in the Immediate Area - New Retail and Residential Projects

Exclusively Listed By

Financing By

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