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Net Lease Tenant Profile: Mattress Firm

Mattress Firm is a highly sought after brand that has been aggressively expanding in recent years.

By Jonathan Hipp | Updated on November 05, 2014

Mattress Firm is a highly sought after brand that has been aggressively expanding in recent years. Their freestanding stores are one of the most highly demanded net lease investments. Mattress Firm properties are well located on main commercial thoroughfares, typically feature a 4,000 – 10,000 +/- SF building, and are usually situated on 0.80 acres of land. Mattress Firm net leases properties tend to have a 12-year primary term NN lease. Newly constructed Mattress Firm sites usually offer a NNN lease. The lease terms typically call for 10% increases in rent every 5 years.

Mattress Firm’s retail locations are either company-owned and operated or operated by corporately guaranteed franchisees. Almost all storefronts occupy freestanding buildings or end cap retail spaces. Pursuing this strategy, the company has doubled their store count in three years, with a large presence nationwide. Their unique combination of merchandising breadth, distinctive store concepts and market integration has translated into a differentiated customer shopping experience that will continue to benefit both the firm and its clientele alike.

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