Mattress Firm
$ 1,500,000
Overview
- Price
- $ 1,500,000
- Type
- Retail For Sale
- Sold
- No
- Contract
- Sale
- Status
- For Sale
- Location
- Fort Myers
Description
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Address:
4770 Cleveland Ave.
Fort Myers, FL
Building Size: 12,500 SF/46,414 SF Lot
RJ Realty is pleased to present the exclusive listing for a Mattress Firm located at 4770 Cleveland Ave., Ft. Myers FL. The property consists of 3,412 square feet of building space and is situated on approximately .76 acres of land. The property is subject to a 10-year double-net (NN) lease with more than 9 years remaining on the current renewal term , which requires minimal landlord responsibility. The lease calls for an annual rent of $69,161, with rental increases in 10/2023 at $22.30 psf and one option to renew at 26.50 psf.
Highlights
- High visibility on S. Cleveland Ave. (US 41), just South of Colonial Blvd.
- Strong Traffic Count: 51,933 VPD
- Double Net Lease: Limited Landlord Responsibility
- 9+ Years Left On Current Term/Tenant Has One 5-Year Option
- Next Rent Increase In 4 Years
- .5 Miles To Edison Mall
- 5.8 Miles to I-75
