Sleep Number
Albuquerque, NM 87114
Brand New - 10 Year Lease · Retail Property For Sale

PRICE REDUCED_ SUBMIT OFFERS! Brand New Construction - 10 Year Corporate Lease - 10% Rental Increase every 5 years. Hard Corner Location in the Cottonwood Mall Retail Area. A+ Location. We are pleased to offer to qualified investors an opportunity to purchase a brand new build-to-suit, single tenant Net Lease investment that is fully leased to Sleep Number (NASDAQ: SCSS) on a hard corner in Albuerque, NM. Comprised of approximately 3,630 SF on approximately 0.82 acres of land, this lease includes a 10 year primary term with 2 - 5 year options. There are 10% rental escalations every 5 years, including the option periods. The property is located within a irreplaceable outparcel location at the Cottonwood Mall retail trade area - a dense infill site surrounded by a host of national retailers including Lowe' s, Home Depot, Walmart, Sam' s Club, Dick' s Sporting Goods, Bank of America, Panera Bread and Chipotle, among many others. Select Comfort Corporation is a US based manufacturer and retailer of the Sleep Number and Comfortaire beds as well as foundations and bedding accesories. The company is based in Plymouth, MN and is publically traded. The company operates over 530 stores through the US and has been operational for over 30 years. This is an excellent opportunity to acquire a brand new net lease investment within an irreplaceable retail infill location surrounded by exceptional demographics and retail traffic in the growing trade area of Albuquerque, NM.