SQRL Reimage on Florida’s Space Coast
2000 U.S. 1, Rockledge, FL, USA Map
Listing Price $2,992,592
| Status | Active |
| Lease Type | Absolute Net |
| Property Type | Retail |
| CAP Rate | 6.75% |
| GLA (Sq. Ft.) | 4,036 |
| NOI | $202,000 |
| Lease Term Remaining | 20 Years |
| Increases | 2% Annually |
| Options | 4 x 5 Years |
| State (BOR) | Florida |
| Broker of Record | Ryan Nee |
| License # (BOR) | BK3154667 |
Investment Highlights
- Florida is One of Nine Income Tax Free States
- Well Established Retail Corridor on Highway 1
Nearby National Tenants Include Publix, McDonald’s,
KFC, Planet Fitness, CVS, Bealls, Wells Fargo, and
Others - Robust Traffic Counts on US-1 (33,610 VPD) Leading
into Space Coast’s Areas of Interst (CoStar, 2022) - Affluent Community with an Average Household
Income of Over $96,000 within One Mile of the
Subject Asset, as of 2022 - Subject is 41 Miles from Orlando International Airport,
Serving 20 Million Passengers Annually
(www.orlandoairports.net) - Parks and Outdoor Recreational Facilities Nearby
Include: Salt Lake Wildlife Management Area, Port
Canaveral, Kennedy Space Center, Merritt Island,
Rockledge Golf Club, Hangers Beach, and More - Subject is 48 Miles from Downtown Orlando with a
Population of 284,817 - As a Rebranded and Renovated Commercial Property, This
Location Can Qualify for Accelerated Depreciation
Investment Overview
Subject is a Prime 4,036 Square-Foot Newly Renovated SQRL on a 0.46-Acre Lot with Ample Parking, Easy Ingress/Egress, on a Hard Corner, and Strategically Located with No Northbound Competition for Seven Miles Absolute NNN Lease with a 20-Year Base Term Beginning at COE with Zero Landlord Responsibility | 2% Annual Rental Increases, 4 x 5-Year Options
