PITTSBURGH, PENNSYLVANIA Mattress Firm Asking Price: $2,225,227 Michael Zimmerman 919.391.9901 Cap Rate: 7.50%
[email protected] BOSTON, MA | CHAPEL HILL, NC | CHARLOTTE, NC | JUPITER, FL | LOS ANGELES, CA | PITTSBURGH, PA | ATLANTICRETAIL.COM This area of McKnight Road features several high-end home furnishing retailers, including The Container Store, At Home, CORT Furniture, Kirkland’s and many more. Investment Highlights ATTRACTIVE INVESTMENT Visible Corner Location Adjacent to The Block Norway 10% Rental Increases With Multiple Options to Renew Leading Mattress Retailer With Expanding Footprint McKNIGHT ROAD Minimal Landlord Responsibilities on NN Lease Synergies With Area Home Furnishing Stores The Block Norway PROMINENT RETAIL LOCATION Along Major Retail Corridor Along McKnight Road 1.5 Miles From Ross Park Mall & Luxury Retailers Pittsburgh Metro Home to 2.3M+ Residents City is 6th Best Area in U.S. for Job Growth EASE OF ACCESSIBILITY City is Vital Link Between Midwest & East Coast Within 500 Miles of 50% of the U.S. Population Site Has Easy Access to Downtown Pittsburgh Access to 72 Non-Stop Flights on 17 Airlines MATTRESS FIRM | INVESTMENT HIGHLIGHTS ATLANTICRETAIL.COM | 1 Lease Summary TENANT Mattress Firm GUARANTOR Corporate ADDRESS 7975 McKnight Road Pittsburgh, PA 15327 ASKING PRICE $2,225,227 CAP RATE 7.50% ANNUAL RENT $166,892 ($41.72/SF) YEAR BUILT 2013 BUILDING SIZE ± 4,000 SF LOT SIZE ± 0.52 Acres LEASE TERM 11 Years Rent Schedule LEASE TYPE NN COMMENCED June 1, 2013 YEARS ANNUAL RENT INCREASE EXPIRATION