3401 Concord Rd
York, PA 17402
Mattress Warehouse · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Mattress Warehouse property located on Mt Zion Rd in York, Pennsylvania. This property was built in 2019 and Mattress Warehouse will assume a new 12 year lease once open. This site features high-end new construction, which ensures long-term occupancy at this site and minimal deferred maintenance for the new owner. There are 10% rental increases in year 6 of the lease and in each of the two, five option periods to renew. This NNN lease with minimal landlord responsibilities and a brand new construction property in a main retail area offers the ideal investment for the astute investor. Mattress Warehouse is ideally located at the intersection/interchange of US Hwy 30 and Rte. 24 with combined traffic counts over 69,000 vehicles per day. The site is part of a new retail development that includes traffic generating/complimentary tenants such as Royal Farms and Burger King. Mattress Warehouse is also situated within the main retail corridor across from the York Town Center and surrounded by national tenants that include Walmart, Target, Sam’s Club, Chick-fil-a, McDonald’s, DICK's Sporting Goods, Best Buy, Chipotle, Ross and Ulta to name a few. The York Galleria Mall is located 1 mile from the site, which is anchored by Boscov's and the future home of Hollywood Casino, a proposed 79,300 square foot redevelopment on the ground floor of the recently closed Sears. It’s anticipated that the casino will be a regional draw attracting customers from the seven adjacent counties in both Pennsylvania and Maryland. This is an ideal location for Mattress Warehouse as its situated at the signaled intersection of Route 24 and Concord Road, with multiple points on ingress and egress as well as traffic counts exceeding 24,000 vehicles per day. The area is also supported by strong demographics with a population density over 128,000 in the five mile ring and average household incomes ranging from $71,000 to $79,000.