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Mattress Firm

Winter Haven, Florida

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Investment Summary
Marcus & Millichap is pleased to present the exclusive listing for a Mattress Firm located at 113 Cypress Gardens Blvd in Winter Haven, FL. The property consists of 4,000 square feet of building space and is situated on approximately 0.44 acres of land. The property is subject to an 11-year double-net (NN) lease with more than 6 years remaining on the initial term, which requires zero landlord responsibility. The lease calls for an annual rent of $148,000, with rental increases occurring in each of the two (2), five (5)-year option periods.

 Prime Retail Location| National Tenants Include: Walmart, Taco Bell, Burger King, Applebee’s, Dollar General, Starbucks, Panera, Chick-fil-A, Outback, Red Lobster, Chipotle, Publix, McDonald’s, and CVS
 Excellent Surrounding Area Demographics | Roughly 100,000 People Living Within a 5-Mile Radius
 Located in Florida | Income Tax Free State
 Winter Haven Senior High School |Located Less Than One Mile Northwest of the Subject Property |Total Enrollment of ~2,250 Students

Key Details

Price:
$2,114,286
Cap Rate:
7.00%
Annual Rent:
$148,000
Address:
113 Cypress Gardens Blvd, Winter Haven, Florida 33880
Lease Type:
NN

Lot Size:
044 Acres
Building Size:
4,000 SF
Tenant:
Mattress Firm

Broker of record

Ryan Nee

License: BK3154667


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