Passive income stream - Corporate Lease with minimal landlord responsibilities.
New Construction - the building was recently renovated.
New Long Term Lease - 11-year lease term.
Secure income stream - Corporate Gauranty (NASDAQ: MFRM; Mkt Cap $2.1B), 2,000 locations in 40 states. Mattress Firm is the #1 mattress specialty retailers by store count, sales growth and market share.
Income stream growth - 10% rent increase in year 6 and each extension period.
Strategic location - Excellent access, prime visibility and high traffic counts on North Academy Blvd. (30,000 VPD) and Galley Rd. (39,000 VPD).
Thriving metro area - Colorado Springs is the second largest city in Colorado and is ranked 14th fastest growing MSA by Pitney Bowes.
Stable market - Colorado Springs maintains an unemployment rated below the national average. Many Fortune 500 companies call Colorado Springs home, including FedEx, Progressive Insurance and Lockheed Martin.
Multiple vital military installations - Air Force Academy, Peterson AFB, Schriever AFB, Fort Carson and NORAD, as well as many defense contractor are in Colorado Springs.
Dynamic corridor - Major retailer destinations in the area include: The Citadel Mall and Citadel Crossing, featuring retailers including: Walmart, Home Depot, Office Depot, Guitar Center and Barnes & Noble.
