Mattress Firm – Lady Lake, FL – NN Lease
867 North Highway 27/441
Sold
SOLD PRICE: $2,750,000
CAP RATE: 6.40%
- New 2014 construction
- National tenant with the largest geographic footprint in the United States (over 1,900 locations) among multi-brand mattress specialty retailers
- Florida has NO STATE INCOME TAX
- 10% rent increases every five years with options to extend lease
- Located 5 miles from the world’s largest gated over-55 community, The Villages
- NN with minimal landlord responsibilities; 20 year roof warranty included
- There are no features available
$2,750,000
4,020 square feet
Price: | $2,750,000 |
Cap Rate: | 6.40% |
Building Size: | 4,020 square feet |
SF Land Area: | 1.19 acres |
Current NOI: | $175,875 |
Lease Type: | NN |
Remaining Term: | Eleven (11) Years |
Status: | Closed |
CONTACT BROKER
Michael Zimmerman
