Fortis Net Lease is pleased to present this brand new 6,607 SF Firestone Complete Auto Care store located in Rockledge, Florida - part of the Orlando market. This 15 year Absolute NNN Lease will require zero landlord responsibilities. The lease offers 5% rental rate increases every 5 years including at each of the 5 (5 Year) Options. The store has completed construction and and preparing to open for business in September 2026.
The estimated 2026 Tax Deduction through Bonus Depreciation is $808,478 - $1,291,017! This Firestone benefits from excellent visibility as it is located on the hard signalized corner of The Meadows Drive and Barnes Blvd (seeing 16,995 cars per day). It sits surrounded by residential homes, national retailers, and has quick and convenient freeway access. The city has a mix of new master-planned residential neighborhoods, townhomes, and multi-family apartment projects underway. The 5 mile population from the site is 85,867. The 1 mile household income is $122,320. This is a high growth area of Florida with the 5 mile population growth rate at 7.08%. Additionally the 5 mile consumer spending is at $1.2 Billion! This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.00% cap rate based on NOI of $264,028.44.
Instate Broker of Record: Michael Houghton | Oak Realty Advisors