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Miscellaneous

Mattress Firm

2392 W US Hwy 90, Lake City, FL 32055

Listing Price: $2,712,960

Cap Rate
6.25%
Tenant Name
Mattress Firm, Inc.
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Double Net
Rent Per Square Feet
$37.68

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mattress Firm located at 2392 W US Hwy 90, Florida. The site consists of roughly 4,500 rentable square feet of building space on estimated 0.36-acre parcel of land. This Mattress Firm is subject to a 10-year double-net (NN) lease, which added three (3) years of additional lease term in 2020. The current annual rent is $169,560 and is scheduled to increase by ten percent (10%) in each of the two (2), five (5)-year renewal options.

Investment Highlights

  • Long-Term, Original 10-Year Double Net (NN) Lease
  • Roof Warranty in Effect Until 2029
  • Approximately 5.8 Years Remaining
  • Three (3) Years of Additional Lease Term Added in 2020

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Miscellaneous

Mattress Firm

Listing Price: $2,712,960

Cap Rate
6.25%
Tenant Name
Mattress Firm, Inc.
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Double Net
Rent Per Square Feet
$37.68

Investment Highlights

  • Long-Term, Original 10-Year Double Net (NN) Lease
  • Roof Warranty in Effect Until 2029
  • Approximately 5.8 Years Remaining
  • Three (3) Years of Additional Lease Term Added in 2020

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mattress Firm located at 2392 W US Hwy 90, Florida. The site consists of roughly 4,500 rentable square feet of building space on estimated 0.36-acre parcel of land. This Mattress Firm is subject to a 10-year double-net (NN) lease, which added three (3) years of additional lease term in 2020. The current annual rent is $169,560 and is scheduled to increase by ten percent (10%) in each of the two (2), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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