Department Store
Mattress Firm
113 E Meighan Blvd, Gadsden, AL 35903
Listing Price: $1,883,077
Investment Overview
Marcus & Millichap is pleased to present the exclusive net-lease offering for a Mattress Firm located at 113 East Meighan Boulevard in Gadsden, Alabama. The site consists of roughly 7,242 rentable square feet of building space on estimated 0.80-acre parcel of land. This Mattress Firm is subject to a 12-year double-net (NN) lease, which commenced August 31, 2012 and added two (2) years of additional lease term in 2020. The current annual rent is $122,400 and is scheduled to increase in each of the two (2), five (5)-year renewal options.
Broker of Record
Listing Price: $1,883,077
Investment Highlights
- Long-Term, Original 12-Year Double Net (NN) Lease
- New 15-Year Roof Warranty in Effect
- Approximately 4.5 Years Remaining
Investment Overview
Marcus & Millichap is pleased to present the exclusive net-lease offering for a Mattress Firm located at 113 East Meighan Boulevard in Gadsden, Alabama. The site consists of roughly 7,242 rentable square feet of building space on estimated 0.80-acre parcel of land. This Mattress Firm is subject to a 12-year double-net (NN) lease, which commenced August 31, 2012 and added two (2) years of additional lease term in 2020. The current annual rent is $122,400 and is scheduled to increase in each of the two (2), five (5)-year renewal options.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
