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West Melbourne Industrial Investment

West Melbourne, FL
Available Now
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FOR SALEIndustrial / Distribution + Manufacturing
Cap Rate
6.5%
NOI
$142,506
Building Size
15,080SF
Lot Size
1.43Ac
Year Built
1984
Occupancy
100%
Listing Contacts
Vice President

More property details

Tenancy
Single Tenant
Currently Leased
No
Investment
Net Lease

Location

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West Melbourne Industrial Investment
About the location

This 15,080-square-foot industrial property in West Melbourne offers a stable, long-term investment opportunity through a single-tenant NN lease with Gerber Collision & Glass, delivering reliable passive income backed by a nationally recognized operator and corporate guarantee from The Boyd Group. The lease runs through January 2030 with three additional five-year renewal options and features 5% rent increases every five years, ensuring steady income growth alongside the remaining 4.2 years of guaranteed tenancy. Strategically located near US-192 and I-95, the property benefits from strong accessibility across Brevard County and sits within a thriving market experiencing continued population and economic growth, with nearby household incomes exceeding $91,000. Surrounded by major national retailers and positioned in a business-friendly, no state income tax environment, this fully occupied asset presents a turnkey, below-replacement-cost opportunity with long-term security and upside potential.

West Melbourne Industrial Investment
15,080 SF · industrial · United States · FL