FOR SALE | 10289 Ulmerton Rd. | Largo, FL | 100% Occupied NNN Retail Center
Executive Summary
0289 Ulmerton Road is a premier 100% occupied NNN retail center in the Tampa Bay MSA, offered at $8,864,150 (6.00% cap rate) with a projected 2027 NOI of $531,849.
The property features three recession-resistant national brands, including Mattress Firm, which has operated at this site for 23 years and recently signed a 5-year extension with a 42% rent increase. This demonstrates a powerful long-term commitment to a location already surrounded by elite national anchors like Target, Home Depot, and Publix.
The roster, including two publicly traded entities, benefits from staggered lease expirations through 2033 and rent bumps built in. Positioned on a high-traffic corridor (69,500 VPD), this asset combines secure, immediate cash flow with exceptional real estate fundamentals in one of Tampa Bay’s most active commercial hubs.
For more information, contact Vector Commercial Real Estate Services.
Investment Highlights
Address: 10289 Ulmerton Road, Largo, FL 33771
Building Size: 16,000 SF
Total Land Size: 81,101 SF (1.86 AC)
Occupancy: 100%
Tenants: Mattress Firm | Petland | Curaleaf
Construction Type: Block
Year Built: 1991
Parking Spaces: 83
Annual Average Daily Traffic: 69,500
Zoning: CP (Unincorporated Pinellas)
