12/08/2018
BRAND NEW CONSTRUCTION MATTRESS WAREHOUSE - 7.15 Cap π¬π
Investment Highlights:
- New Lease: 12 yr (commenced April)
- Below Market Rent: Tenant is paying $23/SF while market is $30/SF.
- Destination Location: Adjacent to Monroe Market Place (~450,000 SF Grocery Anchored Power Center) with almost 40,000 VPDπππ .
- Relocation Site: Operated next door since 2012 and recently relocated due to success and expansion process.
- Long-Term Value-Add Component.
- Mattress Warehouse strategically locates each store, pays below market rent, and privately held with only 240 locations.
If you have any questions or know anyone interested please let me know.
License: CA 02063679