ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Mattress Firm – Fruitland Park, FL – NN Lease

3460 S U.S. Highway 27/441
Sold

SOLD PRICE: $2,030,075
CAP RATE: 6.65%

PROPERTY HIGHLIGHTS:

  • PRIME RETAIL TRADE AREA – New construction in desirable location with full access to intersection and great visibility along busy U.S. Highway 27/441 and near Walmart Supercenter
  • EXCELLENT LOCATION – Fruitland Park is part of the Orlando-Kissimmee-Sanford MSA (26th largest MSA in the U.S., 6th largest in the Southern U.S., and 3rd largest in Florida; within a few miles of the world’s largest, gated over-55 community, The Villages, and approximately an hour from Orlando
  • HIGH-PERFORMING TENANT – Mattress Firm is a national tenant with the largest geographic footprint in the U.S (2,295 locations) among multi-brand mattress specialty retailers
  • ATTRACTIVE INVESTMENT – New 12-year lease with fixed rent increases and minimal landlord responsibilities; Florida has no state income tax
  • ESTABLISHED & GROWING MARKET – Over 16,500 households and nearly 58,000 people, with an average household income of $54K+, within five miles of the property
  • There are no features available

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$2,030,075

4,000 sf

Price:

$2,030,075

Cap Rate:

6.65%

Building Size:

4,000 sf

SF Land Area:

1.0 acres

Current NOI:

$135,000

Lease Type:

NN

Remaining Term:

Eleven (11) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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