NATIONAL CREDIT TENANT
Leased to Republic Services of Florida, an operating subsidiary of Republic
Services, Inc. (NYSE: RSG), one of the largest publicly traded waste
management companies in the United States.
LONG-TERM NET LEASE WITH EXTENSIONS
Initial 10-year net lease commenced August 2020 with approximately 4+
years remaining in the primary term and two (2) additional 2-year extension
options. Tenant is responsible for taxes, insurance, and maintenance,
resulting in minimal landlord responsibilities.
SCHEDULED RENT INCREASES
The lease includes a 3% scheduled rent increases every two years during
the primary term and extension periods, providing contractual income
growth over the remaining lease term.
MISSION-CRITICAL INDUSTRIAL FACILITY
Purpose-built industrial facility supporting Republic Services’ daily collection
and service operations, reinforcing long-term tenant commitment to the
location.
LONG-TERM NET LEASE WITH EXTENSIONS
Initial 10-year net lease commenced August 2020 with approximately 4+
years remaining in the primary term and two (2) additional 2-year extension
options. Tenant is responsible for taxes, insurance, and maintenance,
resulting in minimal landlord responsibilities.
SCHEDULED RENT INCREASES
The lease includes a 3% scheduled rent increases every two years during
the primary term and extension periods, providing contractual income
growth over the remaining lease term.
LARGE INDUSTRIAL SITE
Situated on approximately 3.41 acres, providing a meaningful land
component and long-term real estate value.
HIGH-GROWTH FLORIDA LOCATION
Located in Palm Bay, Florida within Brevard County and Florida’s Space
Coast region, an area experiencing strong population growth and expanding
employment drivers.
NATIONAL CREDIT TENANT
Leased to Republic Services of Florida, an operating subsidiary of Republic
Services, Inc. (NYSE: RSG), one of the largest publicly traded waste
management companies in the United States.