222 Yellow Pl - Warehouse FOR SALE
Rockledge, FL 32955 |
$4,800,000 USD
407-557-3861
222 Yellow Pl
Rockledge, FL 32955
HIGHLIGHTS
- Corporate Guaranteed Lease with Kroger Co., Inc (NYSE: KR) (Third Largest Grocery Store Chain in the U.S. | 2,400+ Locations Nationwide)
- New 5-Year Absolute Net Lease | 3% Annual Rental Increases (Zero Landlord Responsibilities | One 5-Year Option at FMV )
- Kroger Co. Has an Investment Grade Credit Rating of "BBB“ ($42.9B Market Cap | Total 2023 Revenue: $150.0B)
- Location Serves as Fulfillment Delivery “Spoke” for East Central Florida (Orders Originate from Customer Fulfillment Center in Groveland, FL)
- Property to Receive Substantial Upgrades and Improvements (Capital Expenditures will be Funded by Tenant)
- Strategically Positioned Facility with Quick Access (2.5 miles) to I-95 (Optimizes Delivery Strike Radius Up to 90 Miles )
FOR SALE DETAILS
PRICE
$4,800,000 USD
PRICE/SF
$354 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kroger (NYSE: KR) Delivery Hub | Absolute Net
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
UTILITIES
Water - City, Sewer - Septic Field, Heating
CLEAR CEILING HT
18.583333333333332 Ft
DOCKS
12
DRIVE INS
10
PARKING SPACES
80
LAND DETAILS
LAND ACRES
3.64
LAND SF
158,558
ZONING
IU-1 (outdoor storage per
APN/PARCEL ID
25-36-23-00-00572.0-0000.00
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407-557-3861
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407-557-3861
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