Mattress Firm Retail Building

Retail-Commercial for Sale
Catylist Listing ID: 30757485
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 9,912 SF
Gross Land Area: 2.03 Acres
Sale Price: $2,950,000
Unit Price: $297.62 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Mattress Firm Retail Building
Sale Terms: Cash to Seller
Average Occupancy Rate: 65
Last Updated: 9/7/2021

Overview / Comments

• Lease in place with Mattress Firm (5,946 SF) through June 30, 2028, 8 years remaining on the lease!
• $148,650 annual Net Income from the Mattress Firm's triple net lease.
• Excellent for owner occupant!
• Total building size is 9,912 square feet.
• Additional land included with the entire subject property.

Current Tenants

Tenant Business Name Mattress Firm
Industry Type Retail Trade
SF of Space Occupied 5,946 SF

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 02-07-24-451-002.000-073
Zoning: C-2
Retail Clientele: General, Family, Business, Recreation, Convention
Property Located Between: Clinton & Coliseum Blvd
Property Visibility: Excellent
Largest Nearby Street: Coliseum Blvd
Feet of Frontage: 202
Traffic/Vehicle Count: 27,253
Area Description: Located in the major retail corridor along Clinton and Coliseum Blvd adjacent to the Northbrook Shopping Center.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1996
Year Renovated: 2016
Construction/Siding: Brick
Total Parking Spaces: 100
Parking Type: Surface
Parking Description: 25 parking spaces with handicap in the front of the building with 75 additional parking spaces to the rear of the property.
Zoning Description: Limited Commercial
Lot Frontage: 202
Lot Depth: 422

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,356 88,529 197,437
Median Age: 29.88 34.69 35.03
Households: 4,035 36,813 78,801

Contact

Photograph of Listing Agent

Dennis Callison

ICREX Member
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