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Miscellaneous

Sleep Number

278 Daniel Webster Hwy, Nashua, NH 03060

Listing Price: $4,995,000

Cap Rate
6.09%
Tenant Name
Select Comfort Retail Corporation
Years Remaining On Lease
10.0
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$1,248.75
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.00

Investment Overview

Founded in 1987 and based in Minneapolis, Sleep Number (publicly traded and U.S. based) designs, manufactures, markets and supports a line of adjustable firmness mattresses featuring air-chamber technology, branded the SLEEP NUMBER® bed, as well as bases and bedding accessories. SLEEP NUMBER® products are sold through its approximately 600 company-owned stores located across the United States in the 4,500-10,000 SF range; select bedding retailers; direct marketing operations; and online at www.sleepnumber.com. Situated in Southern New Hampshire along the Merrimack and Nashua Rivers, Nashua is a vibrant community only 45 minutes from Boston and 60 minutes from the New Hampshire Seacoast. Home to nearly 90,000 residents, Nashua is the second-largest city in New Hampshire, after nearby Manchester. The city’s size and growth can attributed to its central location and proximity to several New England destinations.

Investment Highlights

  • Brand New 10-Year Triple-Net (NNN) Lease with Corporate Guaranty
  • 10% Rental Increases Every 5 Years
  • 112,253 Residents within a 5-Mile Radius - Nashua is the 2nd-Largest City in New Hampshire
  • Situated in Dense South Nashua Commercial District - National Retailers Include Home Depot, Market Basket, Costco, HomeGoods, etc.
  • Relocation Store from Pheasant Lane Mall - Proven Business Model in the Area
  • New Hampshire Has No Sales Tax - Attracts Shoppers from Nearby Massachusetts
  • Average Household Income Exceeds $123,000 within 3 Miles
  • Down the Road from Pheasant Lane Mall, One of the Largest Shopping Malls in NH Anchored by Dick's Sporting Goods, Macy's, JCPenney, and Target

Exclusively Listed By

Listing Price: $4,995,000

Cap Rate
6.09%
Tenant Name
Select Comfort Retail Corporation
Years Remaining On Lease
10.0
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$1,248.75
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.00

Investment Highlights

  • Brand New 10-Year Triple-Net (NNN) Lease with Corporate Guaranty
  • 10% Rental Increases Every 5 Years
  • 112,253 Residents within a 5-Mile Radius - Nashua is the 2nd-Largest City in New Hampshire
  • Situated in Dense South Nashua Commercial District - National Retailers Include Home Depot, Market Basket, Costco, HomeGoods, etc.
  • Relocation Store from Pheasant Lane Mall - Proven Business Model in the Area
  • New Hampshire Has No Sales Tax - Attracts Shoppers from Nearby Massachusetts
  • Average Household Income Exceeds $123,000 within 3 Miles
  • Down the Road from Pheasant Lane Mall, One of the Largest Shopping Malls in NH Anchored by Dick's Sporting Goods, Macy's, JCPenney, and Target

Investment Overview

Founded in 1987 and based in Minneapolis, Sleep Number (publicly traded and U.S. based) designs, manufactures, markets and supports a line of adjustable firmness mattresses featuring air-chamber technology, branded the SLEEP NUMBER® bed, as well as bases and bedding accessories. SLEEP NUMBER® products are sold through its approximately 600 company-owned stores located across the United States in the 4,500-10,000 SF range; select bedding retailers; direct marketing operations; and online at www.sleepnumber.com. Situated in Southern New Hampshire along the Merrimack and Nashua Rivers, Nashua is a vibrant community only 45 minutes from Boston and 60 minutes from the New Hampshire Seacoast. Home to nearly 90,000 residents, Nashua is the second-largest city in New Hampshire, after nearby Manchester. The city’s size and growth can attributed to its central location and proximity to several New England destinations.

Exclusively Listed By

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