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Miscellaneous

Mattress Firm | New 10-Year Lease Extension

4404 National Rd E, Richmond, IN 47374

Listing Price: $2,427,000

Cap Rate
7.25%
Tenant Name
Mattress Firm
Years Remaining On Lease
8.9
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$485.40
Lease Type
Double Net
Rent Per Square Feet
$35.20

Investment Overview

Marcus & Millichap is pleased to announce Mattress Firm in Richmond, Indiana. New 10-year extension on the double-net corporately gauranteed lease. Newer construction and was built-to-suite in 2016. The national tenant is a subsidiary of Steinfhoff. Excellent visibility and easy access along National Road East and Hayes Arboretum Road through a Chase Bank easement situated along the main retail corridor in Richmond | Highway 40/National Road East with Over 15,000 vehicles passing per day. 1.25 Miles to Interstate 70 Interchange | 39,036 vehicles passing per day. Adjacent to Richmond Mall and a center including Aldi, Hobby Lobby, Richmond DMV, AMC Theaters, Aaron’s, Party City, Harbor Freight Tools, and Buffalo Wild Wings.

Investment Highlights

  • Newer Construction | Built-to-Suit for Mattress Firm in 2016
  • New 10-Year Extension on Double-Net, Corporately Guaranteed Lease
  • National Tenant | Mattress Firm
  • Excellent Visibility and Easy Access Along National Road East and Hayes Arboretum Road Through a Chase Bank Easement
  • Situated Along the Main Retail Corridor in Richmond | Highway 40/National Road East with Over 15,000 Vehicles Passing per Day
  • Adjacent to Richmond Mall and a Center Including Aldi, Hobby Lobby, Richmond DMV, AMC Theaters, Aaron's, Party City, Harbor Freight Tools, and Buffalo Wild Wings
  • 41,840 People Live Within Five Miles of the Subject Property | Average Household Income Within One Mile is $78,300

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Miscellaneous

Mattress Firm | New 10-Year Lease Extension

Listing Price: $2,427,000

Cap Rate
7.25%
Tenant Name
Mattress Firm
Years Remaining On Lease
8.9
Gross SF
5,000
Guarantor
Corporate Guarantee
Rentable SF
5,000
Price/Gross SF
$485.40
Lease Type
Double Net
Rent Per Square Feet
$35.20

Investment Highlights

  • Newer Construction | Built-to-Suit for Mattress Firm in 2016
  • New 10-Year Extension on Double-Net, Corporately Guaranteed Lease
  • National Tenant | Mattress Firm
  • Excellent Visibility and Easy Access Along National Road East and Hayes Arboretum Road Through a Chase Bank Easement
  • Situated Along the Main Retail Corridor in Richmond | Highway 40/National Road East with Over 15,000 Vehicles Passing per Day
  • Adjacent to Richmond Mall and a Center Including Aldi, Hobby Lobby, Richmond DMV, AMC Theaters, Aaron's, Party City, Harbor Freight Tools, and Buffalo Wild Wings
  • 41,840 People Live Within Five Miles of the Subject Property | Average Household Income Within One Mile is $78,300

Investment Overview

Marcus & Millichap is pleased to announce Mattress Firm in Richmond, Indiana. New 10-year extension on the double-net corporately gauranteed lease. Newer construction and was built-to-suite in 2016. The national tenant is a subsidiary of Steinfhoff. Excellent visibility and easy access along National Road East and Hayes Arboretum Road through a Chase Bank easement situated along the main retail corridor in Richmond | Highway 40/National Road East with Over 15,000 vehicles passing per day. 1.25 Miles to Interstate 70 Interchange | 39,036 vehicles passing per day. Adjacent to Richmond Mall and a center including Aldi, Hobby Lobby, Richmond DMV, AMC Theaters, Aaron’s, Party City, Harbor Freight Tools, and Buffalo Wild Wings.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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