222 Yellow Pl Rockledge, FL 32955

This exceptional investment opportunity presents a 13,500-square-foot flex/warehouse property, currently leased to Kroger (NYSE: KR), under a 5-year absolute NNN lease commencing January 1, 2025, and expiring February 28, 2030, with a five-year option. The property, located at 222 Yellow Pl, Rockledge, FL 32955, sits on a 3.64-acre lot and includes substantial upgrades completed in 2025, funded by the tenant. The lease boasts a 6.25% cap rate and a $300,000 annual net operating income (NOI), with a 3% annual rent increase. The tenant, Kroger, is a credit-rated corporation with a corporate guarantee, providing significant financial security. This single-tenant building, constructed in 1987 and renovated in 2025, serves as a key distribution hub for East Central Florida, strategically located 2.5 miles from I-95, optimizing delivery within a 90-mile radius. The property is zoned IU (Light Industrial) and benefits from the strong economic growth of the Melbourne MSA, fueled by aerospace industries and tourism. This is a rare opportunity to acquire a high-quality, net-leased property with a strong tenant and significant upside potential. The sale is structured to facilitate a 1031 exchange.