SOLD PRICE: $4,000,000
CAP RATE: 7.03%
- National tenant; #1 by store count (2,100+ locations in 40 states), sales growth and market share among multi-brand mattress specialty retailers in the U.S.
- Corporate guaranteed lease; 10% rent increases and options to extend lease
- Open for business; retrofitted for Mattress Firm in 2015
- Over 59,000 people, with an average household income of $66K+, within five miles
- St. Augustine is the “Nation’s Oldest City” founded 450 years ago in 1565
- Jacksonville metropolitan area is the 4th largest in Florida and 40th largest in the U.S.
- Florida has NO STATE INCOME TAX
- There are no features available