Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Chicago Oak Brook
$3,479,000
Mattress Firm SuperCenter (Recent Lease Extension)
Details
APN 647700
Property Type Retail
Square Footage 14,565
Net Rentable (SqFt) 14,565
Units 1
Cap Rate 7.15%
NOI $248,908
Tenancy Single
Lease Term 10
Lease Expiration 04/29/2033
Remaining Term 6.9
Rent Bumps Yes
Lease Options One, 5-Year
Price per SqFt $239
Year Built 1995
Stories 1
Acreage 1.230
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/06/2005
Ground Lease No
14,565-SF Mattress Firm SuperCenter Format on 1.23 Acres
Marketing description
Offered for sale is a double-net leased Mattress Firm SuperCenter located in San Antonio, Texas. Mattress Firm recently extended its lease through April 2033, where it has operated for more than 20 years. Positioned along San Pedro Avenue with direct access to US 281 (164,915 VPD), the property benefits from visibility along one of North San Antonio’s primary commuter corridors. The 14,565-square-foot SuperCenter format property is situated on 1.23 acres as an outparcel to a Burlington-anchored power center.
Investment highlights
- Recent Lease Extension | Corporate-Guaranteed Lease With 6.9 Years Remaining
- Exceptional Visibility Along US 281 (164,915 VPD) With Direct San Pedro Avenue Access
- Dense and Affluent North San Antonio Trade Area With 245,212 Residents and $106,317 Average Household Income
- Approximately Five Miles to San Antonio International Airport (10M+ Annual Passengers)
- 14,565-SF Mattress Firm SuperCenter Format on 1.23 Acres
- Outparcel to Multi-Tenant Power Center Anchored by Burlington
- Largest Mattress Retailer in the U.S. | 2,000+ Locations Nationwide
- Austin–San Antonio Metro Population Projected to Grow by 3M+ by 2050
Listing Contacts
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Chicago Oak Brook
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$248,908.00
$20,742.33/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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