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Value-Add Retail Center For Sale | 6.50% CAP 120 Towne Center Blvd 7,000 SF 100% Leased Retail Building Sanford, FL 32771 $2,523,077 ($360.44/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Located on the way to and from Seminole Towne Center Mall which is currently being redeveloped into a super-regional mixed-use project
- Rent is secured by Mattress Firm (2,300 locations) and Optical Outlets (50+ locations) both with long-term corporate leases
- Fixed rental increases provides hedge against inflation
- Full access from signalized intersection with prominent visibility along Towne Center Blvd. and pylon signage fronting SR-46 (35,500 VPD)
- The building received a new roof in 2022 and 3 new HVAC units in 2023
- Fee simple ownership allows for depreciation boosting after tax returns
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Retailer
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For the past 90 years, Mattress Firm and their family of companies have been delivering better sleep by matching customers with their perfect mattress at the perfect price. What started as a few stores has grown into America’s largest specialty mattress store, with thousands of neighborhood stores nationwide. Each Sleep Expert® begins their career with 80 hours of training. But training can only go so far, and that’s where Mattress Firm is different. They believe the best way to guarantee unparalleled service to customers worldwide is to have happy, inspired employees. They have built a culture where people love to come to work and always wake up on the right side of the bed.
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- Retailer
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Eye Doctors' Optical Outlets was founded in 1987 and is an optical retail establishment owned and operated by Eye Doctors. Florida's local eyewear resource for eye examinations, designer eyeglasses, custom contact lenses and much more. Optical Outlets have over locations throughout Florida to serve you better. Each of their locations is doctor-owned and operated and offers exceptional customer service and a tremendous variety of discount and designer eyewear and contact lenses.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-19-30-504-0000-0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,660,819 |
PROPERTY TAXES
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Value-Add Retail Center For Sale | 6.50% CAP | 120 Towne Center Blvd
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