1300 Lara Cir - Auto Repair FOR SALE


Rockledge, FL 32955 | 
$5,280,569 USD
734-755-6359
1300 Lara Cir, Rockledge, FL for Sale
$5,280,569 USD
Auto Repair - FOR SALE
1/5
null | 5% Cap Rate

1300 Lara Cir
Rockledge, FL 32955


HIGHLIGHTS

  • Estimated 2026 Tax Deduction through Bonus Depreciation is $808,478 - $1,291,017!!
  • 5% Rental Rate Increases Every 5 Years | Opening Soon!
  • On Signalized Hard Corner of Barnes Blvd | 16,995 ADTC
  • 5 Mile Population 85,867 | Expected Growth 7.08%
  • 5 Mile Consumer Spending $1.2 Billion!
  • New Master-Planned Residential Neighborhoods, Townhomes, & Multi-Family Apartment Projects in Process in the City

OVERVIEW

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

FOR SALE DETAILS

PRICE

$5,280,569 USD

PRICE/SF

$799 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Firestone Complete Auto Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,163 SF

ZONING

C-1

APN/PARCEL ID

25-36-21-00-00031.0-0000.00

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bryan BenderFortis Net LeaseMore Info
734-755-6359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.