Miscellaneous
Sleep Number | Relocation Store | New 10-Year Corp Lease
3485 Erie Blvd E, Syracuse, NY 13214
Listing Price: $3,648,000
Investment Overview
Founded in 1987 and based in Minneapolis, Sleep Number (publicly traded and U.S. based) designs, manufactures, markets and supports a line of adjustable firmness mattresses featuring air-chamber technology, branded the SLEEP NUMBER® bed, as well as bases and bedding accessories. As of July 27, 2022, the Company’s second-quarter net sales increased 13 percent versus the prior year, with year-to-date net sales increasing 2 percent. Syracuse is a city in, and the county seat of, Onondaga County, New York. Home to 148,620 residents, Syracuse is the fifth-most populous city in the state. The gateway to the Finger Lakes region and centrally located in the heart of New York state, Syracuse is the economic and educational hub of Central New York. As an educational hub, the city is home to Syracuse University, SUNY Upstate Medical University, SUNY ESF, and Le Moyne College.
Sleep Number | Relocation Store | New 10-Year Corp Lease
Investment Highlights
- Brand New 10-Year Triple-Net (NNN) Lease with Corporate Guaranty (NASDAQ: SCSS)
- 10 Percent Rental Increases Every Five Years
- Brand New High-Quality 2023 Construction
- Relocation Store - Relocation from Successful Shoppingtown Mall Location
- 171,005 Residents and 247,174 Daytime Employees Within a Five-Mile Radius
- Dense Retail Corridor Location - Adjacent to Burlington, Michaels, DICK'S Sporting Goods, Dunkin' Donuts, and Starbucks. Nearby Retailers Include Trader Joe's, Walmart, The Home Depot, PetSmart, and Best Buy
- Excellent Visibility Along Erie Boulevard East (Over 17,500 Cars per Day)
- Average Household Income Exceeds $99,000 in the Immediate Area
Miscellaneous
Sleep Number | Relocation Store | New 10-Year Corp Lease
Listing Price: $3,648,000
Investment Highlights
- Brand New 10-Year Triple-Net (NNN) Lease with Corporate Guaranty (NASDAQ: SCSS)
- 10 Percent Rental Increases Every Five Years
- Brand New High-Quality 2023 Construction
- Relocation Store - Relocation from Successful Shoppingtown Mall Location
- 171,005 Residents and 247,174 Daytime Employees Within a Five-Mile Radius
- Dense Retail Corridor Location - Adjacent to Burlington, Michaels, DICK'S Sporting Goods, Dunkin' Donuts, and Starbucks. Nearby Retailers Include Trader Joe's, Walmart, The Home Depot, PetSmart, and Best Buy
- Excellent Visibility Along Erie Boulevard East (Over 17,500 Cars per Day)
- Average Household Income Exceeds $99,000 in the Immediate Area
Investment Overview
Founded in 1987 and based in Minneapolis, Sleep Number (publicly traded and U.S. based) designs, manufactures, markets and supports a line of adjustable firmness mattresses featuring air-chamber technology, branded the SLEEP NUMBER® bed, as well as bases and bedding accessories. As of July 27, 2022, the Company’s second-quarter net sales increased 13 percent versus the prior year, with year-to-date net sales increasing 2 percent. Syracuse is a city in, and the county seat of, Onondaga County, New York. Home to 148,620 residents, Syracuse is the fifth-most populous city in the state. The gateway to the Finger Lakes region and centrally located in the heart of New York state, Syracuse is the economic and educational hub of Central New York. As an educational hub, the city is home to Syracuse University, SUNY Upstate Medical University, SUNY ESF, and Le Moyne College.
