An NNN Capital Company
Mattress Firm
7.00%
Cap Rate
NN
Lease Type
5 Years
Term Remaining
$200,846
NOI
5,040 sqft
Bldg Size
1.41 Acres
Lot Size
2014
Year Built
$83,379
3 Mile HHI
51,521
3 Mile Pop
Landlord Responsibilities:
(i) All structural portions of the building
(ii) roof protecting the Demised Premises
(iii) the exterior painting and moldings of the Demised Premises
(iv) gutters, downspouts, wiring, plumbing, pipes,conduits and equipment which serve the Demised Premises but are not located within the interior
GOOD NEIGHBORS: Walmart, Target, and Lowe's (among other retailers) are all situated within half a mile of the property. Trader Joe's is about to open its first location in Myrtle Beach directly across the street.
STAYING PUT: Mattress Firm recently exercised its first option, illustrating its commitment to this location.
FAST GROWTH: Myrtle Beach is one of the fastest growing MSA in the country (South Carolina is the 3rd fastest growing state).
DEVELOPMENT: 1,700 single family homes currently under construction across the street (scheduled to be completed by EOY).
Deal Highlights
$2,869,000
Price
Price
$2,869,000
The Deal in 30 Seconds
Deal in 30 Seconds
Eric Parrs
