OFFERING MEMORANDUM MATTRESS FIRM ™ 200 E CENTRAL TEXAS EXPY, HARKER HEIGHTS, TX 76548 1 Content 4 Investment Highlights 6 Financial Overview 8 Tenant OVERVIEW 13 Area OVERVIEW EXCLUSIVE LISTING AGENT: Clay Smith Associate
[email protected] DIR (214) 692-2216 MOB (404) 316-3197 LIC # 693140 (TX) chad kurz SVP & National Director
[email protected] DIR (214) 692-2927 MOB (562) 480-2937 LIC # 01911198 (CA) Kyle Matthews Broker of Record Lic # 9005919 (TX) 2 ™ 3 INVESTMENT4 HIGHLIGHTS 4 Investment Highlights Investment Details • Newly Constructed: Property built in 2014 • Almost 10 years remaining on the lease with Mattress Firm • Income tax free state • 10% increase in year 5 • Landlord is only responsible for roof & structure Location Highlights • Great Visibility: Located right off of Highway 190 with 75,000 VPD • Fort Hood: Located 10 minute drive from Fort Hood the most populous military installment in the world with over 53,000 active duty members • Population Growth: 6.6% growth in a 5 mile radius • Large Population: Over 113,000 people in a 5 mile radius Tenant Highlights • Mattress Firm is the largest and most successful bedding company in the United States, with over 3,600 locations in 49 states • In 2015, Mattress Firm had over $3.5 billion in pro forma revenue which represented over 25% of the market share 5 FINANCIAL6 OVERVIEW 6 Address Annualized Operating Data 200 E Central Texas Expy Monthly Rent Annual Rent Rent/SF Cap Rate Harker Heights, TX 76548 11/6/2015-11/6/2020 $31,685.00 $380,220.00 $38.56 6.23% List Price