Mattress Firm Clearance

Terre Haute, Indiana

Offering Summary

  • Status: closed
  • Price: $1,655,000
  • CAP Rate: 7.81%
  • Term: 6.25 Years
  • Net Operating Income: $129,250
  • Price/SF: $397.80
  • Year(s) Built: 2016
  • Lot Size (Acres): 0.6
  • Lease Type: Double Net
  • Single Tenant Mattress Firm Clearance Center with 6+ Years Remaining on Corporate Lease
  • Located in Terre Haute, IN; County Seat of Vigo County and Home to Indiana State University (12,000 Students)
  • Steinhoff International Holdings N.V. (Mattress Firm Parent Company) is Global Company with Investment Portfolio of 40+ Brands and 12,000 Retail Stores Across 40+ Countries
  • Above Average Store Sales Reported at this Location
  • Only Mattress Firm Serving Trade Area – Next Closest Location is 45 Miles Away and Next Closest Clearance Center is 75 Miles Away
  • Build-to-Suit Location for Tenant in 2016; Rent was Right-Sized in 2018
  • Situated on US Highway 41 (29,920 Vehicles Per Day) and Outparcel to Only Ashley HomeStore Within 70 Miles
  • US Highway 41 is Retail Hub for Terre Haute; Surrounding Retailers Include Sam’s Club, Lowe’s, Kroger, TJ Maxx, Ross, Best Buy, Burlington, Fresh Thyme and Academy Sports Among Many Others
  • 12.9% Population Growth within 3 Miles Since 2000; Over 63,000 Residents Within 5 Miles from Property and AHHI of $56,260
EXCLUSIVELY LISTED BY:

Erin Patton

Senior Managing Director