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Miscellaneous

Mattress Firm

1357 W Pacheco Blvd, Los Banos, CA 93635

Listing Price: $3,320,000

Cap Rate
5.50%
Tenant Name
Mattress Firm
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Double Net
Rent Per Square Feet
$45.65

Investment Overview

Corporate guaranteed Mattress Firm with development upside located in a high-volume shopping center in a rapidly growing Bay Area submarket.

Investment Highlights

  • The Property sits as an outpad to Stone Creek Plaza, a high -volume shopping center anchored by Target, Hobby Lobby, Marshalls, Harbor Freight Tools and Wal-Mart.
  • The Property is Located in the Rapidly Growing Los Banos Submarket which has seen a 30.10% Population Growth Over the last 11 Years and is projected to grow 7.01% in the next 5 years.
  • The NN Lease features minimal Landlord management or repair responsibilities.
  • The Property features a roughly +/- 18,000 SF pad site zoned H-C (highway commercial) immediately adjacent to Mattress Firm and next to Starbucks, offering an investor future build-to-suit or ground lease development upside.
  • The Lease is guaranteed by Mattress Firm, Inc. the largest brick-and-mortar mattress retailer in the United States with over 2,400 stores in 49 states.
  • The Property was a build-to-suit for Mattress Firm in 2017 and features high-end finishes and upgraded construction.

Exclusively Listed By

Broker of Record

  • Jim Markel

    Vice President / Regional Manager

    (818) 212-2700

    License(s) CA: 01253407

    California

Miscellaneous

Mattress Firm

Listing Price: $3,320,000

Cap Rate
5.50%
Tenant Name
Mattress Firm
Years Remaining On Lease
5.5
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Double Net
Rent Per Square Feet
$45.65

Investment Highlights

  • The Property sits as an outpad to Stone Creek Plaza, a high -volume shopping center anchored by Target, Hobby Lobby, Marshalls, Harbor Freight Tools and Wal-Mart.
  • The Property is Located in the Rapidly Growing Los Banos Submarket which has seen a 30.10% Population Growth Over the last 11 Years and is projected to grow 7.01% in the next 5 years.
  • The NN Lease features minimal Landlord management or repair responsibilities.
  • The Property features a roughly +/- 18,000 SF pad site zoned H-C (highway commercial) immediately adjacent to Mattress Firm and next to Starbucks, offering an investor future build-to-suit or ground lease development upside.
  • The Lease is guaranteed by Mattress Firm, Inc. the largest brick-and-mortar mattress retailer in the United States with over 2,400 stores in 49 states.
  • The Property was a build-to-suit for Mattress Firm in 2017 and features high-end finishes and upgraded construction.

Investment Overview

Corporate guaranteed Mattress Firm with development upside located in a high-volume shopping center in a rapidly growing Bay Area submarket.

Exclusively Listed By

Broker of Record

  • Jim Markel

    Vice President / Regional Manager

    (818) 212-2700

    License(s): CA: 01253407

    California

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