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Property Overview

  • Size:
    Undisclosed
  • Sale Type:
    For Sale
  • Rental Income:
    $228,000
  • Property Type:
    High Street
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    Yes
  • Energy Rating:
    N/A

General Summary

Mattress Firm North Palm Beach, FL

Investment Highlights
Price:$2,464,865
Cap Rate: 9.25%
Price/sf: $411
Current Annual Rent: $228,000 (Years 1-5) $240,000 (Years 6-10)
Rent/sf: $38
Lease Term Remaining: 6.5 (In Yrs)
Existing financing: No
Commission Split: 1.5% Additional Info:

Lease & Property Information

Lease Type: NN
Options: 2 five Year Options
Lease Commencement: 2/1/2008

Property Type:
Retail Lease Expiration: 2/1/2018
Building Size: 6,000SF

Rent Increases: Year 6-10
Lot Size: .76 Acres
Landlord Responsibilities: Roof and Structure

Location

This is a great location in the heart of Northern Palm Beach County. Situated next to the Intracoastal, this desirable location is sought after by national tenants. This free standing building has ample parking and sits at the corner of a major intersection with very high traffic counts.Directly next to the Building is a high producing IHOP. Across the street on the Southeast side sits a Walgreens Property, and on the Southwest side sits a CVS. Please call or email for more information on this great deal.

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