Description

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.