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Miscellaneous

Mattress Warehouse

2005 N Marine Blvd, Jacksonville, NC 28546

Listing Price: $3,252,293

Cap Rate
6.15%
Tenant Name
Mattress Warehouse
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
7,200
Lease Type
Double Net
Rent Per Square Feet
$27.78

Investment Overview

* Single-Tenant Mattress Warehouse located at the signalized intersection of Western Boulevard and Highway 17 (ADT of nearly 70,000 cars/day) in Jacksonville, NC (Wilmington MSA) * Per placer.ai, this is the #1 location for Mattress Warehouse with 85,000 visitors * Outparcel to a Walmart Supercenter - per placer.ai, the Walmart ranks in the 96th percentile in the US and 99th percentile in North Carolina with 2.74 million visitors * Corporate Guarantee from Mattress Warehouse, Inc. - Founded in 1989, Mattress Warehouse currently has over 250 locations across 9 states and is headquartered in Frederick, MD * 10-year NN Lease that expires in June 2031 - 10% rental escalation in 2026 * Incredibly dense retail corridor with strong placer data - located near Lowe’s (94th/83rd percentile), Sam’s Club (55th/61st percentile), Hobby Lobby (78th/68th percentile), Burlington (59th/84th percentile), Gateway Plaza (Target, Ross, PetSmart - 97th/98th percentile), Cross Pointe Center (Marshall’s, Ashley, Old Navy - 73rd/73rd percentile), Dick’s, Best Buy, Home Depot, Food Lion, Kohl’s, and Publix * Located approximately 1 mile from Coastal Carolina Community College - enrollment of approximately 3,500 students * Strong growth area - estimated growth of 8.0% in the 1-mile radius and 6.5% in the 5-mile radius over the next 5 years - currently over 82,000 residents within 5 miles * Wilmington ranks as one of the “South’s Best Cities on the Rise” with its two-mile riverwalk lined with boutiques, cafes, riverfront park, and Amphitheatre, plus the 230-block National Register Historic District, is the gateway to pristine waters of Carolina Beach, Kure Beach, and Wrightsville Beach - in 2021, domestic visitors to and within the county spent an estimated $930M (tourism industry employs more than 6,000 people)

Investment Highlights

  • Single-Tenant Mattress Warehouse located at the signalized intersection of Western Boulevard and Highway 17 (ADT of nearly 70,000 cars/day) in Jacksonville, NC (Wilmington MSA)
  • Per placer.ai, this is the #1 location for Mattress Warehouse with 85,000 visitors
  • Outparcel to a Walmart Supercenter - per placer.ai, the Walmart ranks in the 96th percentile in the US and 99th percentile in North Carolina with 2.74 million visitors

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Miscellaneous

Mattress Warehouse

Listing Price: $3,252,293

Cap Rate
6.15%
Tenant Name
Mattress Warehouse
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
7,200
Lease Type
Double Net
Rent Per Square Feet
$27.78

Investment Highlights

  • Single-Tenant Mattress Warehouse located at the signalized intersection of Western Boulevard and Highway 17 (ADT of nearly 70,000 cars/day) in Jacksonville, NC (Wilmington MSA)
  • Per placer.ai, this is the #1 location for Mattress Warehouse with 85,000 visitors
  • Outparcel to a Walmart Supercenter - per placer.ai, the Walmart ranks in the 96th percentile in the US and 99th percentile in North Carolina with 2.74 million visitors

Investment Overview

* Single-Tenant Mattress Warehouse located at the signalized intersection of Western Boulevard and Highway 17 (ADT of nearly 70,000 cars/day) in Jacksonville, NC (Wilmington MSA) * Per placer.ai, this is the #1 location for Mattress Warehouse with 85,000 visitors * Outparcel to a Walmart Supercenter - per placer.ai, the Walmart ranks in the 96th percentile in the US and 99th percentile in North Carolina with 2.74 million visitors * Corporate Guarantee from Mattress Warehouse, Inc. - Founded in 1989, Mattress Warehouse currently has over 250 locations across 9 states and is headquartered in Frederick, MD * 10-year NN Lease that expires in June 2031 - 10% rental escalation in 2026 * Incredibly dense retail corridor with strong placer data - located near Lowe’s (94th/83rd percentile), Sam’s Club (55th/61st percentile), Hobby Lobby (78th/68th percentile), Burlington (59th/84th percentile), Gateway Plaza (Target, Ross, PetSmart - 97th/98th percentile), Cross Pointe Center (Marshall’s, Ashley, Old Navy - 73rd/73rd percentile), Dick’s, Best Buy, Home Depot, Food Lion, Kohl’s, and Publix * Located approximately 1 mile from Coastal Carolina Community College - enrollment of approximately 3,500 students * Strong growth area - estimated growth of 8.0% in the 1-mile radius and 6.5% in the 5-mile radius over the next 5 years - currently over 82,000 residents within 5 miles * Wilmington ranks as one of the “South’s Best Cities on the Rise” with its two-mile riverwalk lined with boutiques, cafes, riverfront park, and Amphitheatre, plus the 230-block National Register Historic District, is the gateway to pristine waters of Carolina Beach, Kure Beach, and Wrightsville Beach - in 2021, domestic visitors to and within the county spent an estimated $930M (tourism industry employs more than 6,000 people)

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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