ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Mattress Firm & Aspen Dental – Royal Palm Beach, FL – NNN Lease

440–450 South State Road 7
Sold

SOLD PRICE: $3,775,000
CAP RATE: 6.0%

  • Best in class
  • Rent increases every 5 years
  • Average household income of $87K+ within a 1 mile radius
  • 181,000+ people within a 5 mile radius
  • Outparcel to 400,000 SF power center; less than two miles north of The Mall at Wellington Green, a 1.3M SF regional mall
  • New construction located along busy State Road 7 (441) — a major north-south artery in South Florida — with an average daily traffic count of 53,000 cars and in close proximity to other national retailers and restaurants as well as residential communities
  • National tenants with a combined total of over 2,400 locations across the US
  • There are no features available

$3,775,000

6,336 square feet

Price:

$3,775,000

Cap Rate:

6.0%

Building Size:

6,336 square feet

SF Land Area:

0.1763 acres

Current NOI:

$226,560

Lease Type:

NNN

Remaining Term:

10 years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

919-391-9900

Download Offering Memorandum
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