1551 W Floyd Baker Blvd
Gaffney, SC 29341
Mattress Firm · Retail Property For Sale

Fortis Net Lease is pleased to present this Mattress Firm ideally located on a Lowe's anchored pad site. The property is encumbered with an Ten (10) Year NN+ Lease (7+Years Remaining) with 10% increases every 5 Years (next increase in February 2021), and with minimal landlord responsibilities which include roof and structure. The store is located in the heart of the city's retail corridor. The lease contains Two (2) Five (5) Yr. Options to renew with 10% rent escalations. The lease is corporately guaranteed by Mattress Holding Corp. This Mattress Firm is highly visible as it is strategically positioned just south of Interstate 85 (43,000+ VPD) on W Floyd Baker Blvd (23,000+ VPD). It sits on the city's major retail corridor as an out lot to Lowe's, Belk, and Ingles. Other immediate surrounding retailers including Walmart, Dollar Tree, Aldi, Zaxby's, McDonald's, Popeye's, Wendy's, Olive Garden, Burger King, Big Lots, Tractor Supply, Advance Auto Parts, and many more. The 5 mile population from the site exceeds 30,000 with a 2% projected growth rate, while the average household income exceeds $50,000 per year. The Subject offering represents an ideal opportunity for any 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a highly sought after retail location on a tremendous retail corridor.