Listed by CP Partners
$2,016,000
Mattress Firm
Details
Property Type Retail
Sub Type Storefront
Square Footage 3,744
Net Rentable (SqFt) 3,744
Cap Rate 6.50%
NOI $131,040
Occupancy 100%
Tenancy Single
Brand/Tenant Mattress Firm
Lease Type NN
Remaining Term 7
Lease Options Two, 5-Year
Price per SqFt $538
Acreage 0.320
Parking Spaces 17 spaces
Parking Per SqFt 4.54
Investment Type Net Lease
Ground Lease No
Corporate Net Lease | Affluent Chicago Suburb Retail Location
Marketing description
Corporate Mattress Firm just executed a 7-year lease extension at a high-traffic intersection in Mt. Prospect, IL, — an affluent suburb 23 miles northwest of Downtown Chicago — surrounded by one of the most dominant retail trade areas in the greater Chicagoland market.
Investment highlights
- Mattress Firm, Inc. executed a 7-year lease extension in 2026, running through August 31, 2033, reflecting over eleven years of continuous occupancy at this location since the original lease commencement in November 2014
- Corporate lease signed by Mattress Firm, Inc.
- Two (2), 5-year renewal options extending potential tenancy through August 31, 2043
- Rent escalations built into both option periods: $38.50 PSF in Option 1 and $42.35 PSF in Option 2, representing meaningful mark-to-market upside relative to current rents
- The highly visible subject property is located at the intersection of Rand Road (22,099 VPD), a major retail thoroughfare, and Central Road (15,277 VPD)
- Directly across the street is Mount Prospect Plaza, a Walmart Supercenter anchored center with several other top tier national retailers
- The parcel immediately across Mt. Prospect Road is currently being developed as a Raising Cane’s, further demonstrating the strength of the immediate trade area
- Mount Prospect is located amongst the high affluent suburbs of North Chicago and boasts impressive demographics
- Average household incomes within a 1-mile radius of the property are in excess of $126,000 per year
- The subject property benefits from strong population density with more than 321,000 residents within in a 5-mile radius
Listing Contacts
Listed by CP Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,040.00
$10,920.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
B3 CommercialSpecial CommercialCommunity Shopping
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View all 178 uses Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics
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