ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Mattress Firm – Crystal River, FL – NN Lease

304 North Suncoast Boulevard
Sold

SOLD PRICE: $1,876,114
CAP RATE: 7.0%

PROPERTY HIGHLIGHTS:

  • New 2015 construction at Crystal River Plaza, an 184K+ sf community shopping center anchored by Bealls & Bealls Outlet and shadow-anchored by an adjacent Home Depot
  • Mattress Firm is a national tenant with the largest geographic footprint in the United States (2,200+ locations) among multi-brand mattress specialty retailers
  • New 10-year lease with 10% increases every 5 years and options to extend
  • Crystal River, located on Florida’s “Nature Coast” about 1.5 hours from Orlando, Tampa & St. Petersburg, is the self professed “Home of the Manatee” where tourists can swim with hundreds of manatees in Kings Bay during the winter
  • Nearly 17,000 households and over 37,000 people, with an average household income of nearly $53K, within seven miles
  • There are no features available

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$1,876,114

4,104 sf

Price:

$1,876,114

Cap Rate:

7.0%

Building Size:

4,104 sf

SF Land Area:

0.81 acres

Current NOI:

$131,328

Lease Type:

NN

Remaining Term:

Ten (10) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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