Brand New Firestone Complete Auto Care

$5,280,569

1305 Lara Circle, Rockledge, FL 32955

For Sale

Retail

Active

Last Updated: 09/25/2026

Details:

Cap Rate: 5%

NOI: $264,028.44

Building Size: 6,607 sqft

Lot Area: 0.9 acres

Lease Type: Absolute Net

Year Built: 2026

Price Per Sqft: $799.24

Offered by

Bryan Bender

Partner & Managing Director

Fortis Net Lease

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Highlights:

Estimated 2026 Tax Deduction through Bonus Depreciation is $808,478 - $1,291,017!!
15 Year Absolute NNN Lease | No Landlord Responsibilities
5% Rental Rate Increases Every 5 Years | Opening Soon!
Five (5 Year) Options Each | 5% Rent Increase at Each
On Signalized Hard Corner of Barnes Blvd | 16,995 ADTC
5 Mile Population 85,867 | Expected Growth 7.08%
1 Mile Average Household Income $122,320
5 Mile Consumer Spending $1.2 Billion!
Surrounded by Residential Homes, National Retailers, and Quick Freeway Access
New Master-Planned Residential Neighborhoods, Townhomes, & Multi-Family Apartment Projects in Process in the City

Description:

Fortis Net Lease is pleased to present this brand new 6,607 SF Firestone Complete Auto Care store located in Rockledge, Florida - part of the Orlando market. This 15 year Absolute NNN Lease will require zero landlord responsibilities. The lease offers 5% rental rate increases every 5 years including at each of the 5 (5 Year) Options. The store has completed construction and and preparing to open for business in September 2026. The estimated 2026 Tax Deduction through Bonus Depreciation is $808,478 - $1,291,017!

This Firestone benefits from excellent visibility as it is located on the hard signalized corner of The Meadows Drive and Barnes Blvd (seeing 16,995 cars per day). It sits surrounded by residential homes, national retailers, and has quick and convenient freeway access. The city has a mix of new master-planned residential neighborhoods, townhomes, and multi-family apartment projects underway. The 5 mile population from the site is 85,867. The 1 mile household income is $122,320. This is a high growth area of Florida with the 5 mile population growth rate at 7.08%. Additionally the 5 mile consumer spending is at $1.2 Billion! This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.00% cap rate based on NOI of $264,028.44.