ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Mattress Firm Superstore – St. Augustine, FL – NN Lease

3070 U.S. Highway 1
Sold

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

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$4,000,000

32,684 sf

Price:

$4,000,000

Cap Rate:

7.03%

Building Size:

32,684 sf

SF Land Area:

2.59 acres

Current NOI:

$281,082

Lease Type:

NN

Remaining Term:

11 Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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