1840 N University Dr
Coral Springs, FL 33071
City Mattress - PRICE REDUCTION · Retail Property For Sale

CBRE is pleased to exclusively offer for sale a 7,731 SF freestanding single tenant building situated on ñ1.00 acre of land with a new long-term lease to City Mattress. City Mattress is a family-owned 23 store chain (13 stores in Florida and 10 stores in New York) established in 1964 that is headquartered in Bonita Springs, FL. Immediately after the Landlord delivered possession, City Mattress invested their own capital to expand the size of the subject building and to perform exterior and interior renovations estimated in excess of $500,000. This significant capital investment by City Mattress provides a clear indication of their long-term commitment to this location and to the strength of the Coral Springs market. The subject property is strategically located on University Drive in Coral Springs, approximately one mile north of the Coral Square Regional Mall. University Drive is the primary retail corridor in this densely populated, family-oriented trade area. City Mattress is exceptionally well positioned in the midst of an intense concentration of retail activity along University Drive, surrounded by national retailers and restaurants including Whole Foods, Home Depot, Publix, City Mattress is exceptionally well positioned in the midst of an intense concentration of retail activity along University Drive, surrounded by national retailers and restaurants including Whole Foods, Home Depot, Publix, TJ Maxx, Sam's Wholesale Club, Best Buy, Total Wine, Chili's, Bonefish Grill, Chick-fil-A, Benihana and Chipotle, to name just a few. The demographics of Coral Springs are ideal for City Mattress as the trade area is one of the most densely populated regions of Broward County, also known for its family orientation. Additionally, the average household income of the trade area is significantly higher than the current average household income of Broward County. City Mattress has been enjoying great success with their South Florida stores, and the new Coral Springs store is expected to continue this trend.