Mattress Firm2392 W US Highway 90 4,500 SFRetail BuildingLake City, FL$2,608,615 ($580/SF)6.50% Cap Rate 2392 W US Highway 90, Lake City, FL INVESTMENT HIGHLIGHTS • ? Long-Term, Original 10-Year Double Net (NN) Lease • ? Approximately 5.8 Years Remaining • ? Roof Warranty in Effect Until 2029 • ? Three (3) Years of Additional Lease Term Added in 2020 EXECUTIVE SUMMARY Marcus & Millichap is pleased to present the exclusive listing for a Mattress Firm located at 2392 W US Hwy 90, Florida. The site consists of roughly 4,500 rentable square feet of building space on estimated 0.36-acre parcel of land. This Mattress Firm is subject to a 10-year double-net (NN) lease, which added three (3) years of additional lease term in 2020. The current annual rent is $169,560 and is scheduled to increase by ten percent (10%) in each of the two (2), five (5)-year renewal options. PROPERTY FACTS Sale Type Investment Property Type Retail Property Subtype Freestanding Building Size 4,500 SF Building Class B Year Built 2014 Price $2,608,615 Price Per SF $580 Cap Rate 6.50% NOI $169,560 Tenancy Single Building Height 1 Story Building FAR 0.29 Land Acres 0.36 AC Opportunity Zone No Parking 20 Spaces (4.44 Spaces per 1,000 SF Leased) Frontage 150 FT on W Us-90 PROPERTY TAXESMEJORAS VALORACIÓN $310,461 TASACIÓN DE TERRENOS $190,575 TASACIÓN TOTAL $501,036 Improvements Assessment $310,461 Land Assessment $190,575 Total Assessment $501,036