10289 Ulmerton Road Largo, FL 33771

Building Details

Year Built

1991

Listing agency Vector Commercial Real Estate

Listed by Mike Heretick · License #FL 3221420

Source Crexi

Added: May 11 Updated: Jul 21 at 12:20PM Checked: Jul 21 at 12:20PM

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Investment Insights

Based on property information with market context.

This 100% occupied NNN retail center at 10289 Ulmerton Road features a tenant roster of national brands, including Mattress Firm, which has operated at the site for 23 years. Mattress Firm recently signed a 5-year extension with a reported 42% rent increase. Overall, the center includes three national brands and is structured with staggered lease expirations through 2033, along with rent bumps built into the leases.

The property is located in the Tampa Bay MSA along a high-traffic corridor, reported at 69,500 VPD. The surrounding retail environment includes major national anchors such as Target, Home Depot, and Publix, providing a strong lineup of nearby demand drivers.

Offered for sale as an NNN asset, this property is positioned for immediate income with long-term tenant commitment reflected in the extended Mattress Firm lease.

Key Highlights

• 100% occupied NNN retail center on Ulmerton Road, built in 1991.
• Three national brands, including Mattress Firm operating at the site for 23 years with a recent 5‑year extension.
• Mattress Firm lease extension includes a 42% rent increase.

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FAQs

What type of property is this?

NNN property - 100% occupied NNN retail center anchored by national brands, including Mattress Firm with a recent 5-year extension.

Where is this nnn property located?

The property is located at 10289 Ulmerton Road Largo, FL.

What is the asking price?

The asking price for this property is $9,091,000.

What are key features of this property?

This property features: 100% occupied NNN retail center on Ulmerton Road, built in 1991.; Three national brands, including Mattress Firm operating at the site for 23 years with a recent 5‑year extension.; Mattress Firm lease extension includes a 42% rent increase.