Miscellaneous

Mattress Firm w/ Favorable Increases | Boise MSA | Located in one of Busiest Intersections in Idaho

7227 W State St, Garden City (Boise MSA), ID 83714

Listing Price: $2,970,110

Cap Rate
7.25%
Tenant Name
Mattress Firm
Years Remaining On Lease
6.4
Gross SF
4,912
Guarantor
Corporate Guarantee
Rentable SF
4,912
Price/Gross SF
$604.66
Lease Type
Double Net
Rent Per Square Feet
$43.84

Investment Overview

Garden City is a city in Ada County, Idaho, and is part of the Boise City–Nampa Metropolitan Statistical Area. The cities of Boise and Nampa MSA is the state’s largest officially designated metropolitan area and includes Idaho’s three largest cities – Boise, Nampa, and Meridian. Nearly 40 percent of Idaho’s total population lives in the area and The metro area is currently the third largest in the US section of the Pacific Northwest after Seattle and Portland, and has replaced Akron, OH as the 80th largest metropolitan area in the United States.

Investment Highlights

  • Corporate Lease Featuring Above Average 5% Rental Increases Every 2 Years Throughout the Initial Term and Options.
  • Steinhoff International Holdings N.V. (Mattress Firm's Parent Company) is a Global Company w/ an Investment Portfolio of more than 40 Brands in 12,000 Retail Stores Across 40+ Countries.
  • Densely Populated and Affluent Area: Features an Average Household Income of $81k+ and more than 177k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner in one of the Busiest Intersections in Idaho with Daily Combined Traffic Counts Exceeding 72k Vehicles.
  • Pad to a Big Lots, Ross and Big 5 Anchored Power Center. Across Northgate Shopping Center, anchored by Albertsons, Rite Aid and a Movie Theater. Near Numerous other National Retailers Including a Walmart Supercenter, Walgreens, Fred Meyer and more.
  • The Site is Located near Shadow Hills - A New Construction Mixed-Use Development Consisting of Retail Space, Cafes, Salons and Residential Units.

Broker of Record

  • Paul Ryan

    Senior Associate

    License(s): ID: DB39666

    Idaho

Miscellaneous

Mattress Firm w/ Favorable Increases | Boise MSA | Located in one of Busiest Intersections in Idaho

Listing Price: $2,970,110

Cap Rate
7.25%
Tenant Name
Mattress Firm
Years Remaining On Lease
6.4
Gross SF
4,912
Guarantor
Corporate Guarantee
Rentable SF
4,912
Price/Gross SF
$604.66
Lease Type
Double Net
Rent Per Square Feet
$43.84

Investment Highlights

  • Corporate Lease Featuring Above Average 5% Rental Increases Every 2 Years Throughout the Initial Term and Options.
  • Steinhoff International Holdings N.V. (Mattress Firm's Parent Company) is a Global Company w/ an Investment Portfolio of more than 40 Brands in 12,000 Retail Stores Across 40+ Countries.
  • Densely Populated and Affluent Area: Features an Average Household Income of $81k+ and more than 177k People Residing within a 5-Mile Radius.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner in one of the Busiest Intersections in Idaho with Daily Combined Traffic Counts Exceeding 72k Vehicles.
  • Pad to a Big Lots, Ross and Big 5 Anchored Power Center. Across Northgate Shopping Center, anchored by Albertsons, Rite Aid and a Movie Theater. Near Numerous other National Retailers Including a Walmart Supercenter, Walgreens, Fred Meyer and more.
  • The Site is Located near Shadow Hills - A New Construction Mixed-Use Development Consisting of Retail Space, Cafes, Salons and Residential Units.

Investment Overview

Garden City is a city in Ada County, Idaho, and is part of the Boise City–Nampa Metropolitan Statistical Area. The cities of Boise and Nampa MSA is the state’s largest officially designated metropolitan area and includes Idaho’s three largest cities – Boise, Nampa, and Meridian. Nearly 40 percent of Idaho’s total population lives in the area and The metro area is currently the third largest in the US section of the Pacific Northwest after Seattle and Portland, and has replaced Akron, OH as the 80th largest metropolitan area in the United States.

Broker of Record

  • Paul Ryan

    Senior Associate

    License(s): ID: DB39666

    Idaho

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