5620 W Sample Rd | Margate, FL 33073
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- LoopNet Team
5620 W Sample Rd
Margate, FL 33073
Low-Rent Mattress Firm · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate guaranteed lease with Mattress Firm, North America's largest specialty bedding retailer with 2,200+ locations nationwide
- Recently exercised 5-year renewal through 2031. Rent at $26.58 PSF generating $132,900 NOI. 6.25 years remaining on lease term
- Prime Margate location on Sample Road with 56,000+ VPD. Affluent demographics with $84,672 average household income in 3-mile radius
- Absolute NNN lease - tenant pays all expenses including taxes, insurance, CAM and structural maintenance. Zero landlord responsibilities
- Tenant recently invested in major capital improvements including new roof, parking lot resurfacing, and exterior painting at their expense
- Located in established Winn Dixie-anchored shopping center with national co-tenants driving consistent traffic and cross-shopping opportunities
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.40 AC
Zoning
B-2
Parking
45 Spaces (9.18 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 48-42-19-24-0020 | Improvements Assessment | $1,038,910 |
| Land Assessment | $435,990 | Total Assessment | $1,474,900 |
PROPERTY TAXES
Parcel Number
48-42-19-24-0020
Land Assessment
$435,990
Improvements Assessment
$1,038,910
Total Assessment
$1,474,900
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