Listed by Phoenix Commercial Advisors
$2,940,000
Mattress Firm
Details
APN 225-51-2230
Property Type Retail
Sub Type Storefront, Freestanding
Square Footage 3,500
Cap Rate 5.5%
NOI $161,700
Occupancy 100%
Tenancy Single
Brand/Tenant Mattress Firm
Lease Type Absolute NNN
Remaining Term 6
Rent Bumps Yes
Price per SqFt $880
Year Built 2015
Buildings 1
Acreage 0.400
Investment Type Net Lease
Tenant Credit Corporate Guarantee
STNL Mattress Firm | Corporate Absolute NNN Lease
Marketing description
Mattress Firm | 5.50 Cap | 3,500 SF | Corporate Absolute NNN Lease
Mattress Firm is located along Oracle Road; situated on the east side; just north of Ina Road
Investment highlights
- Absolute NNN lease; landlord has no responsibilities
- Corporate guaranteed 10-year lease, with 6 years remaining on primary term
- Mattress Firm has approximately 2,400 stores across the U.S.
- Excellent 10% rent increases every 5 years
- Steinhoff International acquired Mattress Firm in September 2016 for $3.8 billion, a global retailer with more than 40 brands in 30 countries and revenue of $9.19 billion
- Hard corner location with excellent visibility from both Oracle and Ina Roads
- Extremely high traffic intersection boasting nearly 94,000 vehicles per day
- Affluent residential surrounding communities with average household income over $107,000 within a 1-mile radius
- Dynamic intersection with retailers including: Whole Foods, Safeway, Walgreens, Starbucks, Bank of America, Wells Fargo, Chico's, Chipotle and Pei Wei
Listing Contacts
Listed by Phoenix Commercial Advisors
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,700.00
$13,475.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
C-2 CommercialGeneral CommercialCommercial District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 85 uses
View all 85 uses Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
