loader
Join Free
Views: 66 DOM: 68 Updated: 11.08.24 Posted: 10.15.24 Status: Active

Summary

Price $2,308,000
Built/Renov 1968/2013
Tenant Mattress Warehouse
Cap Rate 6.50%
Lease Type NN+
Guarantor Corporate
Size/SF 12,000
Lease Start 01-01-2025
#Units 300
Price/SF $192.33
Expiration 12-31-2034
Tenant Type General Retail
NOI $150,000
R. Term 10.0
Ownership Fee Simple
Rent/SF $12.50
Increases 10.0%/5/yrs
Pop 5Mi 64,772
Lot/AC 3.28
Options 3/5yrs/10%
AHHI 5Mi $95,388

Lease Highlights

  • Set to open in January 2025, Mattress Warehouse will operate on a  new 10-year lease with 3 (5-year) options to extend
  • The lease features 10% rental increases every 5 years the primary term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Mattress Warehouse is strategically located on Landis Avenue, the main thoroughfare, with daily access to 17,900 vehicles. The property is adjacent to notable national retailers including ShopRite, Lidl, and Walmart Supercenter, which collectively attracted 2.8 million visits over the past year (Placer.ai). Additionally, it is situated less than 1.5 miles east of exits 32A and 32B off State...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Mattress Warehouse is a leading retailer specializing in mattresses and sleep products, including bed frames, pillows, sheets, and adjustable bases. The company offers a wide selection of top...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity