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29563444
29563445

4320 Dow Rd, Melbourne, FL 32934

MPV Properties
MN
NC 111045, SC 24139
MPV Properties
MPV Properties
CP
NC 341663
MPV Properties
Listed by MPV Properties
$7,739,333
129 days on market
Updated 16 days ago

Sunbelt Rentals Melbourne, FL

Details
Property Type Retail
Sub Type Equipment Rentals
Square Footage 11,000
Cap Rate 6%
NOI $464,630
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Expiration 02/10/2041
Remaining Term 14.7
Rent Bumps Yes
Lease Options 2x5 years
Price per SqFt $704
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 1
Acreage 5.260
Investment Type Net Lease
Ground Lease No

NN+ Lease | 6.00% CAP | 11,000 SF

Marketing description

MPV Properties is pleased to present a newly delivered, Class A Sunbelt Rentals investment opportunity in Melbourne, Florida. The ±11,000 SF facility is strategically positioned within a high–barrier-to-entry industrial submarket, benefiting from strong underlying fundamentals and limited competing supply. The investment is secured by a new 15-year NN+ lease backed by Sunbelt Rentals’ strong corporate guarantee. Rent escalations throughout the primary term and option periods provide durable NOI growth and an effective hedge against inflation. The site offers operational synergy with nearby Sunbelt Rentals branches, enabling efficient equipment sharing to meet the high demand for rentals in this affluent demographic area. Located within a dense flex and industrial corridor near Melbourne Orlando International Airport, the property is surrounded by additional major demand drivers including the FedEx Ship Center and prominent employers providing consistent rental demand and long-term operational viability.

Investment highlights

  • Class A new construction with a NN+ 15-year lease

  • Corporate guarantee by Sunbelt Rentals ($9B+ revenue; 1300+ locations)

  • High barrier-to-entry Florida industrial submarket

  • Strong rental demand in affluent demographic area

  • Enhanced After-tax yield by income tax free state

  • Established industrial corridor near FedEx Ship Center

  • Easy access to Interstate 95 and Melbourne Orlando International Airport

  • Strategic location providing operational synergy with nearby Sunbelt Rental branches

Listing Contacts

MPV Properties
MN
NC 111045, SC 24139
MPV Properties
MPV Properties
CP
NC 341663
MPV Properties
Listed by MPV Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$464,630.00
$38,719.17/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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