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Department Store

Mattress Firm

113 E Meighan Blvd, Gadsden, AL 35903

Listing Price: $1,883,077

Cap Rate
6.50%
Tenant Name
Mattress Firm, Inc.
Years Remaining On Lease
4.3
Guarantor
Corporate Guarantee
Rentable SF
7,242
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.90

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.

Investment Highlights

  • Long-Term, Original 12-Year Double Net (NN) Lease
  • New 15-Year Roof Warranty in Effect
  • Approximately 4.5 Years Remaining

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Department Store

Mattress Firm

Listing Price: $1,883,077

Cap Rate
6.50%
Tenant Name
Mattress Firm, Inc.
Years Remaining On Lease
4.3
Guarantor
Corporate Guarantee
Rentable SF
7,242
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$16.90

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

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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