Mattress Firm
5290 Monroe St. Toledo, OH 43623
7.25%
Cap Rate
Absolute NNN
Lease Type
5+ Years
Term Remaining
$241,125
NOI
9,645 sqft
Bldg Size
1.03 Acres
Lot Size
2015
Year Built
$81,908
3 Mile HHI
72,542
3 Mile Pop
Landlord Obligations: None
CREDIT ENHANCEMENT COMING : Mattress Firm is scheduled to be acquired by Tempur-Sealy International, Inc. (NYSE:TPX) later this year, enhancing Mattress Firm’s credit and improving the long-term viability of the company.
CENTER OF EVERYTHING : The property is situated along Toledo’s premiere retail corridor adjacent to Target, Marshalls, and Starbucks (among others) – driving shoppers to the market daily, resulting in increasing sales.
ABSOLUTE NNN LEASE: Rare absolute NNN Mattress Firm lease with zero landlord responsibilities.
Deal Highlights
$3,325,000
Price
Price
$3,325,000
The Deal in 30 Seconds
Deal in 30 Seconds
Eric Parrs