NNN Retail Center with National
For Sale
Contact for pricing
10289 Ulmerton Road, Largo, FL 33771
100% occupied NNN retail center anchored by national brands, including Mattress Firm with a recent 5-year extension.
Property Size16,000 SF
Price / SF$531.85
Days on Market118
Property Features for 10289 Ulmerton Road
General Information
Standard status
Active
Size
16,000 SF
Total Parking Spaces
83
Property subtype
Retail
Zoning
CP (Unincorporated Pinellas)
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$531,849
Additional Details
Cap Rate
5.85%
Traffic Count
69,500 vehicles/day
Building Details
Year Built
1991
Tenancy
Multi
Listing Agency:
Vector Commercial Real Estate
Listed By:
Mike Heretick · License #FL 3221420
Source:
Crexi
Added: May 11
Changed: Aug 16
Last Checked: Aug 31 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vector Commercial Real Estate
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.
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.
Property Analytics
Property Profile
Current Use
Lease Details
69,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
102k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Beauty & Spa 22%
Leisure 13%
Dining 9%
Marshalls
Apparel
29,732 visits/mo
0.3 miles
Bath & Body Works
Beauty & Spa
18,252 visits/mo
0.3 miles
Regal Largo Mall
Leisure
13,129 visits/mo
0.4 miles
Beach Pizza
Dining
9,138 visits/mo
0.4 miles
Spencer's
Shops & Services
8,172 visits/mo
0.3 miles
Demographics for 33771, FL
29,766
Population
16,898
Households
1.8
Avg Household Size
54
Median Age
25%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
4,961
Density / Sq Mi
$60,139
Median Household Income
$40,417
Median Earnings
$1,379
Median Rent
$145,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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 $8,509,584.
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.
