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Miscellaneous

Sleep Number

319 State Rd, Dartmouth, MA 02747

Listing Price: $2,842,400

Cap Rate
6.00%
Tenant Name
Sleep Number
Years Remaining On Lease
10.0
Gross SF
4,211
Guarantor
Corporate Guarantee
Rentable SF
4,211
Price/Gross SF
$674.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.50

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 625 company-owned stores located across the United States in the 4,500-10,000-square-foot range; select bedding retailers; direct marketing operations; and online at www.sleepnumber.com. Dartmouth is a coastal town located in Southeastern Massachusetts in the County of Bristol. The town is part of New England’s farm coast, which consists of a chain of historic coastal villages, vineyards, and farms. Home to approximately 33,800 residents, Dartmouth is the third-largest town (by land area) in Massachusetts, after Plymouth and Middleborough. Dartmouth is situated 60 miles south of Boston and 30 miles east of Providence, Rhode Island. The community is traversed by Massachusetts State Highway Route 6 and Interstate 195, making it easily accessible from both the east and the west.

Investment Highlights

  • Brand New 10-Year Corporate Triple-Net (NNN) Lease with Sleep Number
  • 10 Percent Rental Increases Every Five Years
  • 136,940 Residents Within a Five-Mile Radius - Growing Dartmouth Trade Area
  • New High-Quality 2021 Building Renovation
  • Situated Within the Region's Primary Retail Corridor, Directly Across from Dartmouth Mall - National Tenants Include Target, Walmart, Lowe's, The Home Depot, Best Buy, AMC Theatre, Michaels, and More
  • Average Household Income Exceeds $92,000 Within Five Miles
  • Adjacent to the University of Massachusetts Dartmouth (Over 7,700 Students Enrolled)
  • Highly Visible Location Along State Road 6 (Over 21,600 Cars per Day), a Major Thoroughfare

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s) MA: 1000485

    Massachusetts

Miscellaneous

Sleep Number

Listing Price: $2,842,400

Cap Rate
6.00%
Tenant Name
Sleep Number
Years Remaining On Lease
10.0
Gross SF
4,211
Guarantor
Corporate Guarantee
Rentable SF
4,211
Price/Gross SF
$674.99
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.50

Investment Highlights

  • Brand New 10-Year Corporate Triple-Net (NNN) Lease with Sleep Number
  • 10 Percent Rental Increases Every Five Years
  • 136,940 Residents Within a Five-Mile Radius - Growing Dartmouth Trade Area
  • New High-Quality 2021 Building Renovation
  • Situated Within the Region's Primary Retail Corridor, Directly Across from Dartmouth Mall - National Tenants Include Target, Walmart, Lowe's, The Home Depot, Best Buy, AMC Theatre, Michaels, and More
  • Average Household Income Exceeds $92,000 Within Five Miles
  • Adjacent to the University of Massachusetts Dartmouth (Over 7,700 Students Enrolled)
  • Highly Visible Location Along State Road 6 (Over 21,600 Cars per Day), a Major Thoroughfare

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 625 company-owned stores located across the United States in the 4,500-10,000-square-foot range; select bedding retailers; direct marketing operations; and online at www.sleepnumber.com. Dartmouth is a coastal town located in Southeastern Massachusetts in the County of Bristol. The town is part of New England’s farm coast, which consists of a chain of historic coastal villages, vineyards, and farms. Home to approximately 33,800 residents, Dartmouth is the third-largest town (by land area) in Massachusetts, after Plymouth and Middleborough. Dartmouth is situated 60 miles south of Boston and 30 miles east of Providence, Rhode Island. The community is traversed by Massachusetts State Highway Route 6 and Interstate 195, making it easily accessible from both the east and the west.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Regional Manager

    (617) 896-7250

    License(s): MA: 1000485

    Massachusetts

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