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Miscellaneous

Mattress Firm | Murrieta (SoCal) | Across Retail Center | Immediate Access to/from Interstate-215

39535 Avenida Acacias, Murrieta (SoCal), CA 92563

Listing Price: $3,990,000

Cap Rate
6.03%
Tenant Name
Mattress Firm
Years Remaining On Lease
5.6
Gross SF
6,997
Guarantor
Corporate Guarantee
Rentable SF
6,997
Price/Gross SF
$570.24
Lease Type
Double Net
Rent Per Square Feet
$34.38

Investment Overview

Murrieta is a city in southwestern Riverside County, California. The population of Murrieta was 110,949 as of the 2020 census. The City experienced a 124% population increase since 2000, making it one of the fastest-growing cities in the state during that period. Largely residential in character, Murrieta is typically characterized as a bedroom community and is bordered by the city of Temecula to the south, the cities of Menifee and Wildomar to the north, and the unincorporated community of French Valley to the east. Murrieta is located in the center of the Los Angeles-San Diego mega-region. Southern California has a diverse economy and is one of the largest economies in the United States. It is dominated by and heavily dependent upon the abundance of petroleum, as opposed to other regions where automobiles are not nearly as dominant, due to the vast majority of transport that runs on this fuel. Southern California is famous for tourism and the entertainment industry. Other industries include software, automotive, ports, finance, biomedical, and regional logistics.

Investment Highlights

  • Corporate Backed Lease Featuring 10% Rental Increases at Each Option. Built-to-Suit Mattress Firm with Roof Warranty in Place up until 2036.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility to Daily Traffic Counts Exceeding 22k Vehicles. Immediate Access to/from I-235 (101k+ VPD).
  • Steinhoff International Holdings N.V. (Mattress Firm's Parent Company) is a Global Company with an Investment Portfolio of more than 40 Brands in 12k+ Retail Stores Across 40+ Countries.
  • Bedroom Community of Los Angeles & San Diego - Murrieta is Typically Characterized as a Commuter Town w/ many of its Residents Commuting to Jobs in San Diego County, Orange County, Los Angeles County, Temecula, etc.
  • Murrieta is One of the Fastest Growing Cities in all of California. The City has grown 124% since 2000, Growing Faster than 95% of Similarly Sized Cities since 2000.
  • Densely Populated and Affluent Area: Features an Average Household Income of $118k+ and over 209k People Residing within a 5-Mile Radius.
  • In Close Proximity to Rancho Springs Medical Center - A 120-Bed Acute-Care Hospital and Facility with a 24/7 Emergency Department. Expected to Expand over the next Three Years.
  • Across from 153k+ SF Retail Center & Near Numerous Shopping Centers and National Retailers including Target, Burlington, Sam's Club, Walmart, Amazon Fresh, Ross, Dick's Sporting Goods, Home Depot and more. Mattress Firm Recently Announced it Filed Papers for an Initial Public Offering. The Company will List its Stock on the New York Stock Exchange under Ticker Symbol "MFRM."

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

Miscellaneous

Mattress Firm | Murrieta (SoCal) | Across Retail Center | Immediate Access to/from Interstate-215

Listing Price: $3,990,000

Cap Rate
6.03%
Tenant Name
Mattress Firm
Years Remaining On Lease
5.6
Gross SF
6,997
Guarantor
Corporate Guarantee
Rentable SF
6,997
Price/Gross SF
$570.24
Lease Type
Double Net
Rent Per Square Feet
$34.38

Investment Highlights

  • Corporate Backed Lease Featuring 10% Rental Increases at Each Option. Built-to-Suit Mattress Firm with Roof Warranty in Place up until 2036.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility to Daily Traffic Counts Exceeding 22k Vehicles. Immediate Access to/from I-235 (101k+ VPD).
  • Steinhoff International Holdings N.V. (Mattress Firm's Parent Company) is a Global Company with an Investment Portfolio of more than 40 Brands in 12k+ Retail Stores Across 40+ Countries.
  • Bedroom Community of Los Angeles & San Diego - Murrieta is Typically Characterized as a Commuter Town w/ many of its Residents Commuting to Jobs in San Diego County, Orange County, Los Angeles County, Temecula, etc.
  • Murrieta is One of the Fastest Growing Cities in all of California. The City has grown 124% since 2000, Growing Faster than 95% of Similarly Sized Cities since 2000.
  • Densely Populated and Affluent Area: Features an Average Household Income of $118k+ and over 209k People Residing within a 5-Mile Radius.
  • In Close Proximity to Rancho Springs Medical Center - A 120-Bed Acute-Care Hospital and Facility with a 24/7 Emergency Department. Expected to Expand over the next Three Years.
  • Across from 153k+ SF Retail Center & Near Numerous Shopping Centers and National Retailers including Target, Burlington, Sam's Club, Walmart, Amazon Fresh, Ross, Dick's Sporting Goods, Home Depot and more. Mattress Firm Recently Announced it Filed Papers for an Initial Public Offering. The Company will List its Stock on the New York Stock Exchange under Ticker Symbol "MFRM."

Investment Overview

Murrieta is a city in southwestern Riverside County, California. The population of Murrieta was 110,949 as of the 2020 census. The City experienced a 124% population increase since 2000, making it one of the fastest-growing cities in the state during that period. Largely residential in character, Murrieta is typically characterized as a bedroom community and is bordered by the city of Temecula to the south, the cities of Menifee and Wildomar to the north, and the unincorporated community of French Valley to the east. Murrieta is located in the center of the Los Angeles-San Diego mega-region. Southern California has a diverse economy and is one of the largest economies in the United States. It is dominated by and heavily dependent upon the abundance of petroleum, as opposed to other regions where automobiles are not nearly as dominant, due to the vast majority of transport that runs on this fuel. Southern California is famous for tourism and the entertainment industry. Other industries include software, automotive, ports, finance, biomedical, and regional logistics.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Financing By

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