HassleLess Mattress - 1044 South Rte 59
Retail | 7.00% CAP | 4,169 SqFt
Marketing description
Matthews is pleased to present 1044 South Rte 59 in Naperville, Illinois, a single-tenant retail investment opportunity featuring HassleLess Mattress. This 4,169 SF freestanding building is positioned on a signalized corner at Route 59 and Ogden Avenue, offering exceptional visibility and access within a dominant national retail corridor anchored by Walmart, Costco, Lowe's, Aldi, and other major retailers. Built in 2016, the property benefits from a NNN lease structure with minimal landlord responsibilities, as the tenant is directly responsible for CAM, taxes, and insurance, while the landlord maintains roof and structure.
The property is strategically located in Naperville, ranked the #1 Best City to Live in America by Niche.com three years in a row (2024-2026). The location offers direct connectivity to downtown Chicago via Ogden Ave and benefits from high traffic volumes of approximately 60,100 vehicles per day on Route 59 and 26,400 vehicles per day on Ogden Avenue. The asset is positioned directly down the street from Block 59, a new $53M redevelopment project that will reconfigure the shopping center into a new dining and entertainment district.
HassleLess Mattress operates an innovative employee-free, technology-driven showroom that allows customers to test mattresses from top brands without sales people present, providing a low-pressure environment with in-store kiosks for ordering, free next-day delivery, and remote support from non-commissioned specialists. The lease includes two 5-year options with 10% rent increases in each option period.
Investment highlights
- NNN LEASE - There are minimal landlord responsibilities as the tenant is directly responsible for CAM, Taxes, and Insurance, while landlord is responsible for maintaining Roof and Structure.
- EMPLOYEE-FREE, TECHNOLOGY-DRIVEN SHOWROOM - HassleLess Mattress offers a unique self-service showroom experience, allowing customers to test mattresses from top brands without sales people present, providing a low-pressure environment with in-store kiosks for ordering, free next-day delivery, and remote support from non-commissioned specialists.
- BLOCK 59 DEVELOPMENT - Positioned directly down the street from the new $53M redevelopment project, Block 59, which is set to reconfigure the shopping center into a new dining and entertainment district.
- HIGH TRAFFICKED SIGNALIZED INTERSECTION - This asset is strategically positioned on the corner of Rte. 59 (±60,100 VPD), which serves as the primary retail corridor dividing the second (Aurora) and third (Naperville) most populous cities in Illinois, and Ogden Ave (±26,400 VPD), which provides direct connectivity to downtown Chicago.
- DOMINANT NATIONAL RETAIL CORRIDOR - Situated within a dense retail corridor anchored by Walmart, Costco, Lowe's, Aldi, and other national retailers, driving high-frequency consumer traffic and reinforcing site performance.
- AFFLUENT CHICAGO MSA SUBMARKET - Ranked the #1 Best City to Live in America by Niche.com three years in a row (2024-2026), the property benefits from exceptional demographics, a highly educated workforce, and strong long-term economic fundamentals. Naperville is consistently recognized for its top-rated school districts, strong corporate presence along the I-88 technology corridor, and high quality of life, making it a premier destination for both residents and businesses alike.
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