Log In/Sign Up
Your email has been sent.
Republic Services - NNN Industrial 2575 Doreatha Fields Ave NE 11,734 SF Industrial Building Palm Bay, FL 32905 $3,076,000 ($262.14/SF) 6% Cap Rate
Investment Highlights
- New Roof Replaced in 2020
- National Credit Tenant
- Structured Rent Increases Every 2 Years
- Mission Critical Facilty
- NYSE: RSG
- 16 Billion in Annual Revenues
Executive Summary
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.
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.
Property Facts
1 1
Property Taxes
| Parcel Number | 28-37-14-00-00019.0-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $465,000 |
Property Taxes
Parcel Number
28-37-14-00-00019.0-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$465,000
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Republic Services - NNN Industrial | 2575 Doreatha Fields Ave NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.