Investment Overview

Mattress Firm occupies a 4,000 square-foot building with very attractive 2014 construction situated on 0.88 acres. There are approximately 5 years left on the NN lease with two, 5-year renewal options. The property is ideally located directly across the street from Citadel Mall, with nearby national tenants including Target, CVS, Bed Bath and Beyond, Cost Plus World Market, Sally Beauty and many others.

Located along the Atlantic seaboard, the Charleston metro encompasses Charleston, Berkeley and Dorchester counties in southeastern South Carolina. A favorable business climate is helping draw companies and workers to the region. Vehicle manufacturing in particular is growing with recent expansions at Mercedes-Benz and Volvo. The metro population has grown by roughly 243,000 people since 2000 and the market is forecast to receive another 75,000 people through 2024. Charleston is the largest city in the metro with 142,000 residents, followed by North Charleston with 109,800