ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Mattress Firm – West Melbourne, FL – NN Lease

4315 Norfolk Parkway
Sold

SOLD PRICE: $2,240,000
CAP RATE: 6.25%

DEAL HIGHLIGHTS:

  • New 2015 construction at Hammock Landing (750K sf, Target & Kohl’s anchored power center with other major retailers such as Academy Sports, Michael’s Arts & Crafts, Ulta, hhgregg & 12-theater Carmike Cinemas) at the intersection of I-95 and Palm Bay Road
  • 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 11-year lease with increases and options to extend
  • West Melbourne is 50 miles south of Cape Canaveral, Kennedy Space Center (NASA’s Launch Operations Center) and Port Canaveral (one of the world’s largest cruise ports)
  • Over 53,000 households and 131,000 people, with an average household income of $55K+, within five miles
  • There are no features available

[Download not found]

$2,240,000

4,000 sf

Price:

$2,240,000

Cap Rate:

6.25%

Building Size:

4,000 sf

SF Land Area:

0.85 acres

Current NOI:

$140,000

Lease Type:

NN

Remaining Term:

Eleven (11) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
Back to top