Sunbelt Rentals Melbourne, FL
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
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