6125 S Westnedge Ave
Portage, MI 49002
Mattress Firm · Retail Property For Sale

Fortis Net Lease is pleased to present this Mattress Firm ideally located on the retail corridor of S Westnedge Ave in Portage, MI. The property is encumbered with an Eleven (11) Year NN+ Lease (7+Years Remaining), with minimal landlord responsibilities which include roof and structure. The lease contains 10% rent escalations every 5 years including the Two (2) Five (5) Yr. Options to renew. The lease is corporately guaranteed by Mattress Holding Corp. This Mattress Firm is highly visible as it is strategically positioned on the retail stretch of S Westnedge Ave (30,000+ VPD), south of Interstate 94 (77,000+ VPD). It sits directly across the street from one of Michigan's few Chic-Fil-A locations with immediate surrounding retailers including Kohl's, TJMaxx, Tuesday Morning, Petco, Five Below, Taco Bell, Hobby Lobby, Aldi, Dick's Sportig Goods, JoAnn Fabrics, Chilies, and many more. The 5 mile population from the site exceeds 131,000 with a 2.63% projected growth rate, while the average household income exceeds $69,000 per year. The Subject offering represents an ideal opportunity for any 1031 exchange buyer or a “passive” investor to attain the fee simple ownership in one of Michigan premier retail markets.