Miscellaneous
Mattress Firm | Corporate Guarantee | I-45 Frontage | 235k+ VPD | Early Renewal | 6 Years Remaining
26710 I-45, Spring, TX 77386
Listing Price: $2,680,000
Investment Overview
Marcus & Millichap is pleased to present 26710 I-45 A in Spring, Texas, a corporate guaranteed Mattress Firm investment located along one of the Houston metro’s busiest retail corridors.
Built in 2008, the 9,109-square-foot property sits on 0.36 acres and is offered at $2,680,000 with an annual rent of $203,677. The lease was recently renewed through October 31, 2031, demonstrating long-term tenant commitment, and includes one five-year renewal option at $246,490 annually.
This Modified NNN lease provides a stable and predictable income stream with the tenant responsible for taxes, insurance, CAM, and HVAC, minimizing landlord obligations.
Positioned along Interstate 45, a major transportation artery with 235,000+ vehicles per day, the property benefits from exceptional visibility and access within the high-growth Spring–The Woodlands trade area. Surrounded by national retailers and dense residential development, this asset offers a secure, corporately backed investment in one of Texas’s most dynamic suburban markets.
Mattress Firm | Corporate Guarantee | I-45 Frontage | 235k+ VPD | Early Renewal | 6 Years Remaining
Investment Highlights
- Recent Lease Renewal: Tenant recently extended the lease through October 31, 2031, demonstrating long-term commitment to the location.
- Rental Growth Potential: Renewal option delivers a 21% rent increase, yielding an 8.60% Cap rate.
- Stable Cash Flow: Corporate-guaranteed Modified NNN Lease with annual rent of $203,677, providing dependable income backed by Mattress Firm's strong national credit.
- Prime Visibility & Access: Exceptional exposure to 235,000+ vehicles per day along Interstate 45, one of the Houston metro's busiest corridors.
- Strong Demographics: Affluent and rapidly expanding trade area with over 175,000 residents within a 5-mile radius and continued population growth.
- Landlord-Friendly Structure: Tenant responsible for taxes, insurance, CAM, and HVAC, limiting ownership responsibilities and ensuring predictable performance.
- Strategic Houston Proximity: Located just north of Houston, offering convenient access to the Woodlands, I-45 employment corridors, and one of Texas's fastest-growing suburban markets.
- High-Traffic Retail Corridor: Located within the thriving Spring, Texas submarket, surrounded by national retailers, restaurants, and service tenants that drive consistent customer traffic.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
Miscellaneous
Mattress Firm | Corporate Guarantee | I-45 Frontage | 235k+ VPD | Early Renewal | 6 Years Remaining
Listing Price: $2,680,000
Investment Highlights
- Recent Lease Renewal: Tenant recently extended the lease through October 31, 2031, demonstrating long-term commitment to the location.
- Rental Growth Potential: Renewal option delivers a 21% rent increase, yielding an 8.60% Cap rate.
- Stable Cash Flow: Corporate-guaranteed Modified NNN Lease with annual rent of $203,677, providing dependable income backed by Mattress Firm's strong national credit.
- Prime Visibility & Access: Exceptional exposure to 235,000+ vehicles per day along Interstate 45, one of the Houston metro's busiest corridors.
- Strong Demographics: Affluent and rapidly expanding trade area with over 175,000 residents within a 5-mile radius and continued population growth.
- Landlord-Friendly Structure: Tenant responsible for taxes, insurance, CAM, and HVAC, limiting ownership responsibilities and ensuring predictable performance.
- Strategic Houston Proximity: Located just north of Houston, offering convenient access to the Woodlands, I-45 employment corridors, and one of Texas's fastest-growing suburban markets.
- High-Traffic Retail Corridor: Located within the thriving Spring, Texas submarket, surrounded by national retailers, restaurants, and service tenants that drive consistent customer traffic.
Investment Overview
Marcus & Millichap is pleased to present 26710 I-45 A in Spring, Texas, a corporate guaranteed Mattress Firm investment located along one of the Houston metro’s busiest retail corridors. Built in 2008, the 9,109-square-foot property sits on 0.36 acres and is offered at $2,680,000 with an annual rent of $203,677. The lease was recently renewed through October 31, 2031, demonstrating long-term tenant commitment, and includes one five-year renewal option at $246,490 annually. This Modified NNN lease provides a stable and predictable income stream with the tenant responsible for taxes, insurance, CAM, and HVAC, minimizing landlord obligations. Positioned along Interstate 45, a major transportation artery with 235,000+ vehicles per day, the property benefits from exceptional visibility and access within the high-growth Spring–The Woodlands trade area. Surrounded by national retailers and dense residential development, this asset offers a secure, corporately backed investment in one of Texas’s most dynamic suburban markets.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Financing By
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