Absolute NNN Lease - No landlord maintenance or costs.
New long term lease - Recently extended lease term through 2027.
Corporate guaranty - (NASDAQ: MFRM; Market Cap $2.1B), 2,200+ locations in 40 states. Mattress Firm is the #1 mattress specialty retailer by store count, sales growth and market share.
Rental increases - 2% on 12/1/15, 12/1/16, 12/1/17, and 7.5% on 12/1/22.
Strategic Location - Excellent access, prime visibility and high traffic counts on the area's main thoroughfare, US Highway 441 (33,000 VPD).
DFW Metroplex Location - Population 6.9+M, the fourth largest metro area in the US.
Dominant Retail Corridor - approximately 9.6M SF of retail within 5 miles.
Multiple area destinations - adjacent to Best Buy, across the street from a 172,000± SF Super Target anchored center, one mile from the 610,000± SF Hillside Village - anchored by Dillard's, Barnes & Noble and Dick's Sporting Goods.
