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4320-4350 Dow Rd 11,000 SF 100% Leased Retail Building Melbourne, FL 32934 $10,757,673 CAD ($977.97 CAD/SF) 6% Cap Rate



Investment Highlights
- Class A new construction with a NN+ 15-year lease
- High barrier-to-entry Florida industrial submarket
- Enhanced After-tax yield by income tax free state
- Corporate guarantee by Sunbelt Rentals ($9B+ revenue; 1300+ locations)
- Strong rental demand in affluent demographic area
- Established industrial corridor near FedEx Ship Center
Executive Summary
MPV Properties is pleased to present a newly delivered, Class A Sunbelt Rentals investment opportunity in Melbourne, Florida. The ±11,000 SF facility is strategically positioned within a high–barrier-to-entry industrial submarket, benefiting from strong underlying fundamentals and limited competing supply.
The investment is secured by a new 15-year NN+ lease backed by Sunbelt Rentals’ strong corporate guarantee. Rent escalations throughout the primary term and option periods provide durable NOI growth and an effective hedge against inflation.
The site offers operational synergy with nearby Sunbelt Rentals branches, enabling efficient equipment sharing to meet the high demand for rentals in this affluent demographic area.
Located within a dense flex and industrial corridor near Melbourne Orlando International Airport, the property is surrounded by additional major demand drivers including the FedEx Ship Center and prominent employers.
The investment is secured by a new 15-year NN+ lease backed by Sunbelt Rentals’ strong corporate guarantee. Rent escalations throughout the primary term and option periods provide durable NOI growth and an effective hedge against inflation.
The site offers operational synergy with nearby Sunbelt Rentals branches, enabling efficient equipment sharing to meet the high demand for rentals in this affluent demographic area.
Located within a dense flex and industrial corridor near Melbourne Orlando International Airport, the property is surrounded by additional major demand drivers including the FedEx Ship Center and prominent employers.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
11,000 SF
Building Class
B
Year Built
2026
Price
$10,757,673 CAD
Price Per SF
$977.97 CAD
Cap Rate
6%
NOI
$645,836 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
5.29 AC
Zoning
IU - Light Industrial
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 27-36-26-00-00255.0-0000.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,572,405 CAD |
Property Taxes
Parcel Number
27-36-26-00-00255.0-0000.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,572,405 CAD
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4320-4350 Dow Rd
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