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Mattress Firm 1020 E Central Rd 3,744 SF Retail Building Mount Prospect, IL 60056 $2,016,000 ($538.46/SF) 6.50% Cap Rate
Investment Highlights
- Mattress Firm, Inc. executed a 7-year lease extension in 2026, running through August 31, 2033
- Two (2), 5-year renewal options extending potential tenancy through August 31, 2043
- The highly visible subject property is located at the intersection of Rand Road (22,099 VPD), a major retail thoroughfare, and Central Road
- Corporate lease signed by Mattress Firm, Inc.
- 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
- Directly across the street is Mount Prospect Plaza, a Walmart Supercenter anchored center with several other top tier national retailers
Executive Summary
A recently executed Corporate Mattress Firm 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.
of Downtown Chicago — surrounded by one of the most dominant retail trade areas in the greater Chicagoland market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,744 SF
Building Class
B
Year Built
2015
Price
$2,016,000
Price Per SF
$538.46
Cap Rate
6.50%
NOI
$131,040
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.32 AC
Parking
17 Spaces (4.54 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-35-301-020-0000 | Improvements Assessment | $89,875 |
| Land Assessment | $57,375 | Total Assessment | $147,250 |
Property Taxes
Parcel Number
03-35-301-020-0000
Land Assessment
$57,375
Improvements Assessment
$89,875
Total Assessment
$147,250
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Mattress Firm | 1020 E Central Rd
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