Mattress Firm

Terre Haute | IN

Offering Summary

  • Status: closed
  • Price: $1,655,000
  • CAP Rate: 7.81%
  • GLA: 5000 SF
  • Net Operating Income: $129,250
  • Price/SF: $345
  • Year(s) Built: 2016
  • Lot Size (Acres): 0.6 Acres
  • Lease Type: Double Net
  • Single Tenant Mattress Firm with 5.5 Years Remaining on Corporate Lease
  • Located in Terre Haute, IN; County Seat of Vigo County and Home to Indiana State University (13,000 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
  • Build-to-Suit Location for Tenant in 2016; Rent was Right-Sized in 2018
  • Direct frontage on US Highway 41 (37,000 vehicles per day) with multiple ingress/egress points
  • Outparcel to Ashley HomeStore (only location within 70 miles) and O’Reilly (opening soon) and across from Sam’s Club
  • 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 Amademy 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