STNL Mattress Firm @I-8I/I-77 S.W. VA (early renewal)
Retail | 6.39% CAP | 4,562 SqFt / NYSE credit tenant -[SGI]
Marketing description
NYSE-listed
>Wytheville Commons Center is anchored by Walmart Supercenter, Lowe’s, and
20+/- other national and regional retailers & QSRs,
>This 4400+/- SF single-tenant location includes 20 exclusive parking spaces in front of the store.
>Store was built-to-suit for Mattress Firm in 2015.
>Many millions of maturing Boomers, Gen-X, Millennial & Gen-Z will be upgrading to new, higher- quality, healthier mattresses — and consumers will want to go to stores to shop, try, and buy (vs. mattress-in-a-box, etc, off the internet).
>A highly demanded net lease investment due to tenant's geographic footprint across 49 states
- Contact: Paul Marsteller / seller’s agent @760-889-4372
- Price: $1,900,000
- $121,440 current annual NN rent
- Annual Rent increases to::
- $124,476/as of 1/01/2031
- $128,832 as of 1//01/2032
- $132,704 as of 1/01/2033
Investment highlights
- At the crossroads of Interstates I-81 & I-77 in S.W. Virginia
- Wytheville Commons is by far the premier retail power center in the region
- Single-tenant, freestanding NN-leased corporate Mattress Firm at entrance to the center
- 4562+/- SF freestanding with 20 exclusive parking spaces in front of the store
>Mattress Firm recently early-extended their lease term by 7 years
>Nearest other Mattress Firm store is 47 miles away
>Mattress Firm was acquired Feb 2025 for $5 Billion by bedding giant Tempur-Sealy [now renamed Somnigroup International Inc.(NYSE-listed (SGI)
- Contact: Paul Marsteller / seller’s agent @ 760-889-4372
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