SALE PRICE: $2,437,500
CAP RATE: 6.40%
- EXCELLENT LOCATION — New 2016 construction within dense retail area along Cypress Gardens Blvd. with high traffic counts (43.5K ADT). Adjacent to Colonial Promenade center (280K+ SF; Walmart Supercenter anchored). Approximately 3 miles from Legoland Florida theme park & resort.
- ESTABLISHED 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 11-year, corporate-guaranteed lease with fixed rent increases and minimal landlord responsibilities; Florida has no state income tax.
- LARGE TRADE AREA — Over 97,500 people, with an average household income of nearly $56K, within 5 miles of the property. Winter Haven is centrally located between Tampa and Orlando. Proximity to major routes US-92 & I-4 provide easy access to area attractions including Walt Disney World, SeaWorld & Universal Studios.
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