Mattress Firm 3070 US Highway 1 S

32,634 SF 100% Leased Retail Building Saint Augustine, FL 32086 $5,200,000 ($159/SF)

INVESTMENT HIGHLIGHTS

  • 24,153 SF Available For Lease With a Dock High Door in 2026 or With a 120 Day Notice to Mattress Firm
  • 40,000 Vehicles Per Day (VPD) Fronting Property
  • Attractive $159 Price per Squarefoot
  • Approximately 250 Feet of Frontage on US Federal Hwy 1
  • Upon Relocation, 2026, Mattress Firm Will Pay More Than Double Their Current Rent/SF
  • Located in Saint Johns County | 4th Fastest Growing County in the Nation

EXECUTIVE SUMMARY

Marcus & Millichap's | Simon Retail Group is pleased to present a 32,634 SF mixed-use freestanding building located at 3070 US Highway 1 in St. Augustine, FL. With approximately 250 feet of frontage on US Hwy 1, the main north/south artery in and surrounding St. Augustine with 40,000 Vehicles Per Day (VPD), this property has great visibility and curb appeal. Situated on 2.6 acres, the structure was built in 2006, the roof was most recently renovated in 2023, and has been occupied by Mattress Firm since 2014. Currently, they occupy 74% of the building, 24,153 SF, and are scheduled to relocate on or before 8/31/26 into adjacent 8,481 SF and pay more than double their current Rent/SF. At the beginning of February 2025, Tempur Sealy acquired Mattress Firm for $5 Billion. Tempur Sealy, soon-to-be-named Somnigroup International, made this strategic acquisition to improve synergies and ef?ciencies as part of their omnichannel strategy. Their business plan involves integrating their existing businesses, Dreams and Tempur Sealy, further along with their newly acquired Mattress Firm. The 24,153 SF space has a dock-high door and an open ?oor plan that can be utilized for retail, hybrid, ?ex, medical of?ce, or as a last-mile ful?llment center with commercial general (CG) zoning. With a pro-forma lease-up of the vacant space at $15/SF NNN, a 10.07% cap rate is achievable in year 2 of ownership.

Within 5 miles of this property, there are 71,286 people in the heart of St. Johns County which is the 4th fastest growing county in the United States. According to the Bureau of Economic and Business Research at the University of Florida, St. Johns County is expected to grow its population by ~52% over the next 25 years, from 337,400 people in 2025 to 513,900 in 2050.

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PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
32,634 SF
Building Class
A
Year Built/Renovated
2006/2023
Price
$5,200,000
Price Per SF
$159
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.29
Lot Size
2.60 AC
Zoning
CG - General Commercial
Parking
65 Spaces (1.99 Spaces per 1,000 SF Leased)
Frontage
247 FT on US-1

AMENITIES

  • Pylon Sign

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 24,153 SF
  • Retail
  • -
  • 120 Days

This is a last-mile fulfillment center/retail hybrid in St. Augustine, FL is zoned CG with a broad range of uses. Directly fronting US-1, the property has a retail/showroom area with a vanilla build out and new storefront system, a dock high door for loading/unloading of goods and pylon signage.

Space Size Space Use Position Available
1st Floor 24,153 SF Retail - 120 Days

1st Floor

Size
24,153 SF
Space Use
Retail
Position
-
Available
120 Days

NEARBY MAJOR RETAILERS

Krystal
Td Bank

PROPERTY TAXES

  • Listing ID: 34542317

  • Date on Market: 1/20/2025

  • Last Updated:

  • Address: 3070 US Highway 1 S, Saint Augustine, FL 32086