Shopping Strip

Mattress Firm & Club Champion

72306 CA-111, Palm Desert, CA 92260

Listing Price: $4,995,000

Cap Rate
5.81%
Gross SF
6,816
Rentable SF
6,816
Price/Gross SF
$732.83
Lot Size
0.18 acres
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to present for sale Mattress Firm & Club Champion a two-tenant property located at 72306 Highway 111, Palm Desert, CA 92260. The subject property is comprised of 6,816 square feet and was built in 2019. The building sits on an 8,897 square foot lot at the intersection of Highway 111 & Fred Waring Drive that oversees a combined 76,600+ Vehicles Per Day. Mattress Firm & Club Champion reside in the heart of Palm Desert and benefits from the city’s dynamic demographics. Within a 5-mile radius the population exceeds 71,000+ and an average household income of $108,536. High population and income create a substantial built-in customer base with numerous national retailers, resorts, and residential communities. Coachella Valley is known for its abundance of world class resorts and golf courses, within just five miles of Club Champion are 20+ public and private courses. With more than 2,500 company-operated and franchised stores across 49 states, Mattress Firm has the largest geographic footprint in the United States among multi-brand mattress retailers. November 11th, 2018 Mattress Firm emerged from Chapter 11 Bankruptcy with very strong financials, eliminating most debts and low performing stores. Mattress Firm store count was reduced by 25% but kept 95% of Sales. Most recently, Mattress Firm was purchased by South African firm, Steinhoff Holdings for $3.8 Billion. Club Champion has grown from a regional three-studio fitting business to a trusted golf club fitting expert with locations in every major golf market nationwide, 74 locations total. Club Champion employs over 220 team members, including roughly 150 fitters nationwide completing more than 100,000+ Club Fittings every year.

Investment Highlights

  • Substantial Built-In Customer Base: Surrounded by Numerous Retailers, Resorts, and Residential Communities with a Daytime Population of 111,115
  • Long Term Passive Income: Two NNN Leases, Mattress Firm - 8 Years Remaining | Club Champion - 4.5 Years Remaining
  • Excellent Access & Visibility: Located at the Premier Intersection of Highway 111 7 Fred Waring Drive with a Combined 76,600+ Vehicles Per Day

Exclusively Listed By

Shopping Strip

Mattress Firm & Club Champion

Listing Price: $4,995,000

Cap Rate
5.81%
Gross SF
6,816
Rentable SF
6,816
Price/Gross SF
$732.83
Lot Size
0.18 acres
Year Built
2019

Investment Highlights

  • Substantial Built-In Customer Base: Surrounded by Numerous Retailers, Resorts, and Residential Communities with a Daytime Population of 111,115
  • Long Term Passive Income: Two NNN Leases, Mattress Firm - 8 Years Remaining | Club Champion - 4.5 Years Remaining
  • Excellent Access & Visibility: Located at the Premier Intersection of Highway 111 7 Fred Waring Drive with a Combined 76,600+ Vehicles Per Day

Investment Overview

Marcus & Millichap is pleased to present for sale Mattress Firm & Club Champion a two-tenant property located at 72306 Highway 111, Palm Desert, CA 92260. The subject property is comprised of 6,816 square feet and was built in 2019. The building sits on an 8,897 square foot lot at the intersection of Highway 111 & Fred Waring Drive that oversees a combined 76,600+ Vehicles Per Day. Mattress Firm & Club Champion reside in the heart of Palm Desert and benefits from the city’s dynamic demographics. Within a 5-mile radius the population exceeds 71,000+ and an average household income of $108,536. High population and income create a substantial built-in customer base with numerous national retailers, resorts, and residential communities. Coachella Valley is known for its abundance of world class resorts and golf courses, within just five miles of Club Champion are 20+ public and private courses. With more than 2,500 company-operated and franchised stores across 49 states, Mattress Firm has the largest geographic footprint in the United States among multi-brand mattress retailers. November 11th, 2018 Mattress Firm emerged from Chapter 11 Bankruptcy with very strong financials, eliminating most debts and low performing stores. Mattress Firm store count was reduced by 25% but kept 95% of Sales. Most recently, Mattress Firm was purchased by South African firm, Steinhoff Holdings for $3.8 Billion. Club Champion has grown from a regional three-studio fitting business to a trusted golf club fitting expert with locations in every major golf market nationwide, 74 locations total. Club Champion employs over 220 team members, including roughly 150 fitters nationwide completing more than 100,000+ Club Fittings every year.

Exclusively Listed By

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