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Miscellaneous

Mattress Firm - Brand New 10-Year Lease Extension

83 Highlands Square Dr, Hendersonville, NC 28792

Listing Price: $2,430,000

Cap Rate
7.03%
Tenant Name
Mattress Firm
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
4,050
Lease Type
Double Net
Rent Per Square Feet
$42.15

Investment Overview

Marcus & Millichap is pleased to offer for sale, the fee simple interest in a Mattress Firm in Hendersonville, NC.

This single-story 4,050 SF free standing Mattress Firm was built in 2001 on a 1.11 AC lot with 60 parking spaces. The property is located at 83 Highlands Square Dr in Hendersonville, North Carolina, at the center of Henderson County. The tenant recently signed a brand new 10-year lease extension with 10% rental increases every 5 years. The property is outparceled to a Walmart anchored shopping center, Highland Square Shopping Center, which encompasses over 335,000 SF. The property is surrounded by major retailers including Sam’s Club, Ingles Market, Chick-fil-A, Chipotle, Staples, Dollar Tree, Petco, Jack in the Box, Dunkin’, Sonic, Zaxby’s, Aspen Dental, Advanced Auto Parts, AutoZone, and many more. The property benefits from its location near the intersection of Chimney Rock Rd (Hwy 64) & Andrew Jackson Hwy (I-26) which sees a combined average of over 93,250 VPD.

Investment Highlights

  • Brand New 10-Year Lease Extension
  • Outparceled to Walmart Anchored Shopping Center | Highland Square Shopping Center | Encompassing Over 335,000 SF
  • 10% Rental Increases Every 5 Years
  • Excellent Location | Near Intersection of Hwy 64 & I-26 | Strong Combined Average Traffic Counts of 93,250+ VPD (Chimney Rock Rd & Andrew Jackson Hwy)
  • Large 1.11 Acre Lot Surrounded by Every Major Retailer
  • Surrounded by Major Tenants including Sam's Club, Ingles Market, Chick-fil-A, Chipotle, Staples, Dollar Tree, Petco, Jack in the Box, Dunkin', Sonic, Zaxby's, Aspen Dental, Advanced Auto Parts, AutoZone, and many more
  • Strong Demographics | Over 60,800 Residents & $72,900+ AHHI in 5 Mile-Radius
  • Ample Parking | 60 Spaces

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Miscellaneous

Mattress Firm - Brand New 10-Year Lease Extension

Listing Price: $2,430,000

Cap Rate
7.03%
Tenant Name
Mattress Firm
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
4,050
Lease Type
Double Net
Rent Per Square Feet
$42.15

Investment Highlights

  • Brand New 10-Year Lease Extension
  • Outparceled to Walmart Anchored Shopping Center | Highland Square Shopping Center | Encompassing Over 335,000 SF
  • 10% Rental Increases Every 5 Years
  • Excellent Location | Near Intersection of Hwy 64 & I-26 | Strong Combined Average Traffic Counts of 93,250+ VPD (Chimney Rock Rd & Andrew Jackson Hwy)
  • Large 1.11 Acre Lot Surrounded by Every Major Retailer
  • Surrounded by Major Tenants including Sam's Club, Ingles Market, Chick-fil-A, Chipotle, Staples, Dollar Tree, Petco, Jack in the Box, Dunkin', Sonic, Zaxby's, Aspen Dental, Advanced Auto Parts, AutoZone, and many more
  • Strong Demographics | Over 60,800 Residents & $72,900+ AHHI in 5 Mile-Radius
  • Ample Parking | 60 Spaces

Investment Overview

Marcus & Millichap is pleased to offer for sale, the fee simple interest in a Mattress Firm in Hendersonville, NC. This single-story 4,050 SF free standing Mattress Firm was built in 2001 on a 1.11 AC lot with 60 parking spaces. The property is located at 83 Highlands Square Dr in Hendersonville, North Carolina, at the center of Henderson County. The tenant recently signed a brand new 10-year lease extension with 10% rental increases every 5 years. The property is outparceled to a Walmart anchored shopping center, Highland Square Shopping Center, which encompasses over 335,000 SF. The property is surrounded by major retailers including Sam’s Club, Ingles Market, Chick-fil-A, Chipotle, Staples, Dollar Tree, Petco, Jack in the Box, Dunkin’, Sonic, Zaxby’s, Aspen Dental, Advanced Auto Parts, AutoZone, and many more. The property benefits from its location near the intersection of Chimney Rock Rd (Hwy 64) & Andrew Jackson Hwy (I-26) which sees a combined average of over 93,250 VPD.

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

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