Net Lease
Herc Rentals - Viera, FL
1100 Viera Blvd, Rockledge, FL 32955
Listing Price: $4,472,727
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
Herc Rentals - Viera, FL
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
Listing Price: $4,472,727
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
