Industrial Flex
Heritage Pool Supply
2720 Center Pl, Melbourne, FL 32940
Listing Price: $1,800,000
Investment Overview
• Fully Leased to Heritage Pool Supply Group
- Wholly Owned Subsidiary of SRS Distribution | Heritage Supply Brand
• One of the Largest and Fastest Growing Pool Supply Distributors
- 150+ Locations Across 36 States | Rapid Expansion Since 2021
• Parent Company Recently Acquired by Home Depot (NYSE: HD)
- SRS Distribution was Acquired in 2024 for Approximately $18.25B
• Original 5-Year NNN Lease | Minimal LL Responsibilities
- 11% Rental Increase in the Remaining Five-Year Option | April ‘27
• Longstanding Tenant with 15+ Years of Historical Occupancy
- Established Market Presence | Continued Lease Renewals
• Below Market Rents with Near-Term Future Upside
- Current Rents: $8.47/ft | CoStar Estimated Market Rents: $13.49/ft
• Florida’s Space Coast Home to Top Space/Aeronautics Companies
- SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris
• Melbourne, FL MSA | One of the Fastest Growing Areas in FL
- Over 250,000 Resident within a 10-mile Radius
• Florida is an Income Tax Free State
- Ideal Passive Investment for Out of Market Ownership
• Surrounded by National Industrial Tenants in Dense Trade Area
- TruGreen Lawn Care, Gulfeagle Supply, 84 Lumber, ProSource, Etc.
Heritage Pool Supply
Investment Highlights
- • Fully Leased to Heritage Pool Supply Group - Wholly Owned Subsidiary of SRS Distribution | Heritage Supply Brand
- • One of the Largest and Fastest Growing Pool Supply Distributors - 150+ Locations Across 36 States | Rapid Expansion Since 2021
- • Parent Company Recently Acquired by Home Depot (NYSE: HD) - SRS Distribution was Acquired in 2024 for Approximately $18.25B
- • Original 5-Year NNN Lease | Minimal LL Responsibilities - 11% Rental Increase in the Remaining Five-Year Option | April '27
- • Longstanding Tenant with 15+ Years of Historical Occupancy - Established Market Presence | Continued Lease Renewals
- • Below Market Rents with Near-Term Future Upside - Current Rents: $8.47/ft | CoStar Estimated Market Rents: $13.49/ft
- • Florida's Space Coast Home to Top Space/Aeronautics Companies - SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris
- • Melbourne, FL MSA | One of the Fastest Growing Areas in FL - Over 250,000 Resident within a 10-mile Radius
Listing Price: $1,800,000
Investment Highlights
- • Fully Leased to Heritage Pool Supply Group - Wholly Owned Subsidiary of SRS Distribution | Heritage Supply Brand
- • One of the Largest and Fastest Growing Pool Supply Distributors - 150+ Locations Across 36 States | Rapid Expansion Since 2021
- • Parent Company Recently Acquired by Home Depot (NYSE: HD) - SRS Distribution was Acquired in 2024 for Approximately $18.25B
- • Original 5-Year NNN Lease | Minimal LL Responsibilities - 11% Rental Increase in the Remaining Five-Year Option | April '27
- • Longstanding Tenant with 15+ Years of Historical Occupancy - Established Market Presence | Continued Lease Renewals
- • Below Market Rents with Near-Term Future Upside - Current Rents: $8.47/ft | CoStar Estimated Market Rents: $13.49/ft
- • Florida's Space Coast Home to Top Space/Aeronautics Companies - SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris
- • Melbourne, FL MSA | One of the Fastest Growing Areas in FL - Over 250,000 Resident within a 10-mile Radius
Investment Overview
• Fully Leased to Heritage Pool Supply Group - Wholly Owned Subsidiary of SRS Distribution | Heritage Supply Brand • One of the Largest and Fastest Growing Pool Supply Distributors - 150+ Locations Across 36 States | Rapid Expansion Since 2021 • Parent Company Recently Acquired by Home Depot (NYSE: HD) - SRS Distribution was Acquired in 2024 for Approximately $18.25B • Original 5-Year NNN Lease | Minimal LL Responsibilities - 11% Rental Increase in the Remaining Five-Year Option | April ‘27 • Longstanding Tenant with 15+ Years of Historical Occupancy - Established Market Presence | Continued Lease Renewals • Below Market Rents with Near-Term Future Upside - Current Rents: $8.47/ft | CoStar Estimated Market Rents: $13.49/ft • Florida’s Space Coast Home to Top Space/Aeronautics Companies - SpaceX, Blue Origin, Boeing, Lockheed Martin & L3 Harris • Melbourne, FL MSA | One of the Fastest Growing Areas in FL - Over 250,000 Resident within a 10-mile Radius • Florida is an Income Tax Free State - Ideal Passive Investment for Out of Market Ownership • Surrounded by National Industrial Tenants in Dense Trade Area - TruGreen Lawn Care, Gulfeagle Supply, 84 Lumber, ProSource, Etc.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
