4404 National Rd E - Freestanding FOR SALE
Richmond, IN 47374 |
$2,378,378 USD
864-553-1566
4404 National Rd E
Richmond, IN 47374
HIGHLIGHTS
- Mattress Firm Exercised an Early Lease Extension, Underscoring Its Long-Term Commitment to the Location
- Prime Location With Direct Frontage on National Rd E, Which Sees Over 21,592 Vehicles Per Day (VPD)
- Mattress Firm Has Over 5 Years Remaining on a Corporate- Guaranteed Double Net (NN) Lease, With 10% Rent Increases at the Start of Each Option Period
- Landlord is Responsible For Maintaining the Roof, Structure, and Structural Repairs to the Sidewalks
- February 2025, Tempur Sealy Acquired Mattress Firm For $5 Billion, Creating the World’s Largest Mattress Retailer With Over 2,800 Locations
- Positioned in a Strong Retail Corridor With Neighboring National Tenants Including ALDI, Hobby Lobby, Tractor Supply Co., Walmart, Kroger
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,000 SF Mattress Firm Located at 4404 National Road East in Richmond, IN. This Deal Includes a Mattress Firm That Has Over 5 Years Remaining on a Corporate-Guaranteed Lease, With 10% Rent Increases at the Start of Each Option Period, Offering Long-Term Investment Security.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$2,378,378 USD
PRICE/SF
$500 USD /SF
CAP RATE
7.4%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mattress Firm - Richmond, IN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
LAND ACRES
0.46 AC
LAND SF
20,038 SF
ZONING
OC
APN/PARCEL ID
89-16-35-430-107.000-030
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864-553-1566
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864-553-1566
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