Listed by SimonCRE
$2,758,400
Mattress Firm
Details
Property Type Retail
Sub Type Storefront
Square Footage 3,448
Cap Rate 6.00%
NOI $165,504
Tenancy Single
Lease Type Net
Lease Term 10
Rent Bumps Yes
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Corporate Guarantee | NYSE:SGI | Phoenix MSA
Marketing description
Mattress Firm is the nation's largest mattress specialty retailer, acquired by Somnigroup International in February 2025, operating approximately 2,400 locations across 49 states and generating an estimated $3.9 billion in annual revenue, it is privately held and not publicly traded. As the dominant category leader in mattress retail with an unmatched national store footprint, Mattress Firm offers investors the security of a well-recognized, operationally proven brand with decades of market leadership. The company's streamlined showroom format, low build-out costs, and strong vendor relationships support favorable unit economics and a resilient retail tenancy profile.
Investment highlights
- A 10-year initial lease term provides investors with extended cash flow visibility and significant downside protection against re-leasing risk in an uncertain market environment.
- Annual rent escalations of 2.5% provide a reliable hedge against inflation while steadily compounding NOI growth over the hold period.
- Recently acquired by Somnigroup International (NYSE: SGI), a publicly traded, nationally recognized operator providing investors with a covenant-backed income stream underpinned by institutional-grade credit.
- The lease is backed by a full corporate guarantee from Somnigroup International (NYSE: SGI), providing investors with direct recourse to a publicly traded balance sheet.
Listing Contacts
Listed by SimonCRE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,504.00
$13,792.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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