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Mattress Firm - Richmond, IN 4404 National Rd E 5,000 SF 100% Leased Retail Building Richmond, IN 47374 $2,378,378 ($475.68/SF) 7.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Mattress Firm Exercised an Early Lease Extension, Underscoring Its Long-Term Commitment to the Location
- Mattress Firm Has Over 5 Years Remaining on a Corporate- Guaranteed Double Net (NN) Lease, With 10% Rent Increases at the Start of Each Option Period
- February 2025, Tempur Sealy Acquired Mattress Firm For $5 Billion, Creating the World’s Largest Mattress Retailer With Over 2,800 Locations
- Prime Location With Direct Frontage on National Rd E, Which Sees Over 21,592 Vehicles Per Day (VPD)
- Landlord is Responsible For Maintaining the Roof, Structure, and Structural Repairs to the Sidewalks
- Positioned in a Strong Retail Corridor With Neighboring National Tenants Including ALDI, Hobby Lobby, Tractor Supply Co., Walmart, Kroger
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,000 SF Mattress Firm Located at 4404 National Road East in Richmond, IN. This Deal Includes a Mattress Firm That Has Over 5 Years Remaining on a Corporate-Guaranteed Lease, With 10% Rent Increases at the Start of Each Option Period, Offering Long-Term Investment Security.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built
2016
Price
$2,378,378
Price Per SF
$475.68
Cap Rate
7.40%
NOI
$176,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.25
Lot Size
0.46 AC
Zoning
OC - Outdoor Commercial
Parking
8 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
63’ on E National Rd
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Mattress Firm
- Retailer
- 5,000 SF
- $35.20
- Double Net
- Mar 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Mattress Firm | Retailer | 5,000 SF | $35.20 | Double Net | Mar 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 89-16-35-430-107.000-030 | Improvements Assessment | $377,500 |
| Land Assessment | $129,000 | Total Assessment | $506,500 |
PROPERTY TAXES
Parcel Number
89-16-35-430-107.000-030
Land Assessment
$129,000
Improvements Assessment
$377,500
Total Assessment
$506,500
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Mattress Firm - Richmond, IN | 4404 National Rd E
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