, 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 & 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 May 31, 2024 1–5 (Base Term) $151,719 ($37.93/SF) None 6–10 (Base Term) $166,892 ($41.72/SF) 10.0% OPTIONS 3 x 5-Year Options 11 (Base Term) $183,581 ($45.89/SF) 10.0% INCREASES 10% in Years 6, 11 12–16 (Option 1) $183,581 ($45.89/SF) None Within Options 2 & 3 17–21 (Option 2) $201,939 ($50.48/SF) 10.0% LANDLORD Roof, Structure 21–26 (Option 3) $222,133 ($55.53/SF) 10.0% & Parking Lot

MATTRESS FIRM | LEASE SUMMARY ATLANTICRETAIL.COM | 2 Mattress Firm Mattress Firm—through its brands including Mattress Firm, Sleepy’s and Sleep Train—offers a broad selection of traditional mattresses and bedding accessories through over 3,500 company-operated and franchise-owned stores in 49 states. In February 2016, Mattress Firm completed the purchase of all the outstanding equity interests in the holding company of Sleepy’s, which totaled approximately $795.5 million. In August 2016, the Company was purchased by Steinhoff International and now operates as a subsidiary of Steinhoff.

With the largest geographic footprint in the country among multi-brand specialty mattress retailers, Mattress Firm not only provides superior sleep solutions, but opportunities in hundreds of communities nationwide. The Company’s success and proven track record allows them to offer solid guarantees to further ensure customer satisfaction.

Today, Mattress Firm has become the top specialty mattress retailer in the country, with fiscal 2016 sales of more than $3.8 billion. Thanks to the Company’s extensive distribution network, Mattress Firm offers a distinct competitive advantage in an evolving omni-channel world.

MATTRESS FIRM | TENANT PROFILE ATLANTICRETAIL.COM | 3 Mattress Firm Retail Market Overview Pittsburgh, Pennsylvania

MATTRESS FIRM | MARKET OVERVIEW ATLANTICRETAIL.COM | 4 McIntyre Square

The Block Norway

Kane Regional Nursing Center

McKNIGHT ROAD

27,000 ADT

MATTRESS FIRM | MARKET AERIAL ATLANTICRETAIL.COM | 5 27,000 ADT

Ross Park Mall

McKNIGHT ROAD

McIntyre Square 27,000 ADT

The Block Norway

McKNIGHT ROAD

MATTRESS FIRM | MARKET AERIAL ATLANTICRETAIL.COM | 6 Retail Market Overview Visitors to the city will find everything from boutiques and gift shops to malls and outlets in Pittsburgh. Explore the walkable downtown area or the more quirky neighborhood shopping districts while enjoying no sales tax on clothing, shoes and necessities. Conveniently located in the North Hills of Pittsburgh, Ross Park Mall is anchored by Nordstrom, Macy’s and and foreign chocolates. Purchases of jewelry DISCOVER DOWNTOWN JCPenney. The shopping center includes more than 1.2 million square feet of retail space and houses more and artwork from The Store at Contemporary The changing streetscape of downtown than 170 retailers on multiple levels. Specialty shops include Tiffany & Co., Apple, Louis Vuitton, Burberry, Craft support working artists and community offers a mix of retailers, including Larrimor’s, Crate & Barrel and Michael Kors. Delicious dining options include The Cheesecake Factory and western programs. The city has a collection of stores Brooks Brothers, Jos. A. Bank, Boutique La Pennsylvania’s first California Pizza Kitchen can be found in the mall’s outdoor lifestyle component. Ross Park for literature and music lovers, including Passerelle, Avenue and Burlington Stores. Mall serves the communities of Ross Township, McCandless and Cranberry Township, and is considered to be the Penguin Bookshop and Dave’s Music Mine. Check out the diamond dealers in the No. 1 mall in western Pennsylvania. Simon Property Group recently announced plans to develop the former Sears Clark Building on Liberty Avenue, or visit two-story space into a new, three-story space complete with a dining hall, entertainment venues, restaurants and the European-style arcade in Fifth Avenue MALLS & OUTLETS new retailers. Construction will begin in January 2019, and the new addition will open in Summer 2020. place for specialty shops including Crystal Anchored by Nordstrom, Macy’s and River Gems and DiCello’s Gallery. At Market JCPenney, Ross Park Mall has nearly Street Grocery, passersby can grab some 170 retailers that make shopping fun, goodies to eat on the spot. Nearby Market fulfilling and full of surprises. , Square is home to Pittsburgh originals like built on land once occupied by U.S. Steel’s Nicholas Coffee Company, Sinful Sweets Homestead Works, has more than 50 and Pittsburgh Popcorn Company. During national and regional retailers. The Galleria of the holiday season, browse the Peoples Gas Mt. Lebanon provides an unforgettable day Holiday Market to find unique, artisanal gifts. of shopping with upscale shops and both Inspired by the German Christkindlemarkts, fine-dining and casual restaurants. Visitors a corner of downtown is transformed each can wander the more than 40 stores found in year into a European shopping village with the Pittsburgh International Airport Airmall Alpine-style wooden chalets containing glass to find interesting luxury brands like Hugo ornaments, nesting dolls and nutcrackers, Boss, Armani Jeans, Nine West, Sportzburgh baskets, walking sticks, international toys and and Three Rivers Harley-Davidson. Go much more. bargain-hunting at Grove City Premium outlets, which features more than 130 EXPLORE THE NEIGHBORHOODS shops and is located 50 minutes north Each of Pittsburgh’s neighborhoods is of Pittsburgh. Shoppers have access to filled with a whole host of local shops and retailers like Coach, J.Crew, The North Face, boutiques offering one-of-a-kind gifts and Under Armour, Vera Bradley and White products. Artifacts in the West End is a House Black Market. About 30 minutes treasure hunter’s delight, and Mon Aimee south of Pittsburgh—just off Interstate 79 in Chocolat displays a feast of both domestic Washington—is the open-air Tanger Outlets.

MATTRESS FIRM | RETAIL MARKET OVERVIEW ATLANTICRETAIL.COM | 7 Mattress Firm Pittsburgh City Overview Pittsburgh, Pennsylvania

MATTRESS FIRM | PITTSBURGH CITY OVERVIEW ATLANTICRETAIL.COM | 8 Pittsburgh Overview Today, Pittsburgh welcomes visitors from around the globe. Its strengths lie in its authenticity as an all-American city, and its genuine, hard- working and welcoming sense of community that has transformed it into one of the most beautiful and progressive cities in the country.

THE CITY OF BRIDGES CITY WITH AN ENTRANCE Pittsburgh—also known as the “City of Architects of yesterday designed must- Bridges”—has 466 spans, more than any see churches, mansions, skyscrapers and other city in the world (including Venice, other historic structures in the city that Italy). Stone piers from early bridges stand as meld with the ultra-modern construction reminders of the city’s resilient spirit. Several of today. Entering the city via the Parkway artistic bridges adorn three major rivers. The (I-376 West) allows visitors to experience Monongahela River’s iconic Smithfield Street firsthand Pittsburgh’s spectacular skyline Bridge—the oldest steel span in the country— as it bursts forth upon emerging from the speaks to growth of a center for industry Fort Pitt Tunnel. This view inspired one New and innovation. A trio of identical “Sister York Times writer to call Pittsburgh “the Bridges,” suspended across the Allegheny only city with an entrance.” Equally fun is River, links the downtown area and the David getting around the Golden Triangle’s quirky L. Lawrence Convention Center with North street grid and Pittsburgh’s many hills. Bond Shore’s PNC Park and Heinz Field. with history and the cityscape aboard the Monongahela Incline—the nation’s oldest DYNAMIC HUB OF OPPORTUNITY cable car—or the neighboring Duquesne Today, Pittsburgh has reinvented public Incline. Visitors can also eat in one of the spaces to bridge its rugged past with many fine dining establishments along expectation for a sustainable future. “Restaurant Row,” which all provide stunning Smart streets, attractive riverfronts, green views of the city. skyscrapers, re-imagined housing, a thriving downtown and investment in historic YEAR-ROUND ACTIVITIES parks have dramatically changed the city’s Year-round, Pittsburgh plays host to festivals, stunning skyline. The city features unique, conventions, gallery crawls, sporting events walkable neighborhoods, top-tier hospitals, and seasonal attractions, including a holiday education institutions and abundant cultural market in Market Square and ice skating at and recreational opportunities. Students MassMutual Pittsburgh Ice Rink at PPG Place. from around the world exchange ideas at the Impressive dining and shopping venues world-renowned , provide options to engage visitors while at Carnegie Mellon University and Duquesne the Pittsburgh International Airport—recently University, academic centers that celebrate named “Airport of the Year” by Air Transport research and development. Tech giants World magazine. Google, Facebook, Uber and Amazon all have Pittsburgh satellite offices. The new urban aesthetic is epitomized in , a vibrant community and shopping center built on the site of a historic Nabisco factory in the East End.

MATTRESS FIRM | PITTSBURGH OVERVIEW ATLANTICRETAIL.COM | 9 This Mattress Firm location is within Ross Township, a sprawling suburban community adjacent to the northern border of Pittsburgh. While most areas of the Township are residential, a strong retail corridor is continuing to expand along McKnight Road. Ross Park Mall

Point State Park

Schenley Park

FAMILY-FRIENDLY TOURISM HIGHLY POPULATED AREA STRATEGIC LOCATION FORTUNE 500 PRESENCE In 2017, the 552 meetings, conventions The Pittsburgh metro area has Pittsburgh is a vital link between Six Fortune 500 companies call and sports events hosted in the city a total population of 2.3M+, the the Midwest and the East Coast, the Pittsburgh area home, and the attracted 685M+ attendees and added largest in both the Ohio Valley and and the area is the sixth-best in the city is among the Top 10 metro $224M+ to the economy. Appalachia regions. U.S. for job growth. areas for business expansion.

MATTRESS FIRM | PITTSBURGH OVERVIEW ATLANTICRETAIL.COM | 10 Approximately 9 Miles From Downtown Pittsburgh

Lawrenceville

Garfield

East Liberty Bloomfield

Shadyside

Strip District North Shore/

Oakland Squirrel Hill

Mt. Washington Flats

South Side Slopes

EASY ACCESSIBILITY A 24-mile light rail system runs from the North Shore and Downtown Homestead/Waterfront Pittsburgh through the city’s southern neighborhoods. The “T” serves Downtown with a loop including First Avenue, Steel Plaza, Wood Street and Gateway Center. Stops on the North Shore include North Shore and Allegheny Station. Neighborhood Overview Pittsburgh’s hundreds of bridges not only add to the city’s unique skyline, but they also connect its vibrant neighborhoods and diverse residents. From hip and trendy to quiet and secluded, Pittsburgh has plenty of places for visitors and residents to shop, dine, hang out and explore in its 90 charming and distinctive neighborhoods.

MATTRESS FIRM | NEIGHBORHOOD OVERVIEW ATLANTICRETAIL.COM | 11 Heinz Field Neighborhood Overview

NAME POPULATION MI. FROM SITE ATTRACTIONS Bloomfield 8,442 8 Miles Little Italy Days, Donatelli’s Italian Food Center, Groceria Italian, Dan Cercone’s Barbershop, Juke Records, Tessaro’s Lawrenceville 13,162 8 Miles Arsenal Bowl, Slice Island Pizza at Spirit, Row House Cinema, Wild Card, Allegheny Cemetery, Arsenal Cider House & Wine Cellar, Rock All Night Tour, Church Brew Works North Shore/ 7,256 8 Miles North Shore Riverfront Trail, Tailgating at Heinz Field, Kayak North Side Pittsburgh, Children’s Museum of Pittsburgh’s Maker Faire, Mexican War Streets, Manchester Craftsman’s Guild Jazz Nights, Oktoberfest, City of Asylum Readings, Water Steps Carousel at Garfield 3,675 9 Miles The Mr. Roboto Project, Center for PostNatural History, Silver Eye Center for Photography, Pittsburgh Glass Center, Bantha Tea Bar, Spak Brothers Pizza, ARTica, Gluten-Free Goat Bakery Mt. Washington 11,186 9 Miles Duquesne Incline, Emerald View Park Trails, Kavsar Restaurant, Grand View Scenic Byway, Bigham Tavern, Redbeard’s, Shiloh Grill, DiFiore’s Ice Cream Delite, Chatham Village Strip District 3,638 9 Miles Trolley at Heinz History Center, Leaf & Bean, Reyna’s Mexican Grocery, Casa Reyna, Maggie’s Farm Rum, Tours, Pittsburgh Opera’s Brown Bag Concerts, Primanti Bros., Colony (Cat) Café, Wholey’s Fish Market South Side 9,992 10 Miles East Carson Street, City Theatre Young Playwrights, Pretzel Shop, Games N’ At Arcade, , Club Café, Grand Concourse, Highmark Stadium Soccer Games East Liberty 29,196 12 Miles Bakery Square, Kelly Strayhorn Theater, Whitfield, East Liberty Duquesne Incline Presbyterian Church, “Joy of Life” Sculpture, Zeke’s Coffee, The Alloy, The Twisted Frenchman, Paris 66, Spoon Monroeville 28,486 12 Miles Phantom of the Attic Comics, El Campesino, Zombieburgh Lazer Tag, Steel City Indoor Karting, Moio’s Italian Pastry Shop, Zombies at Oakland 28,417 12 Miles Carousel at Schenley Plaza, Forbes Field Wall, Stephen Collins Foster Memorial, Saint Nicholas Greek Food Festival, Carnegie Mellon University’s Kiltie Band, Caliban Book Shop, Flagstaff Hill 39,868 13 Miles Pittsburgh Center for the Arts, Millie’s Homemade Ice Cream, Casbah, , Hey Betty! Vintage Clothing, Prantl’s Bakery Squirrel Hill 27,550 14 Miles Everyday Noodles, Ten Thousand Villages Shopping, Independent Brewing Company, Amazing Books & Records, The Manor, Frick Environmental Center Homestead/ 18,678 15 Miles Carnegie Library Music Hall, Art on 8th, Blue Dust, Bost Building, Waterfront Bulgarian Macedonian National Educational and Cultural Center, Sandcastle Wave Pool, Nancy B.’s Bakery, Duke’s Upper Deck

MATTRESS FIRM | NEIGHBORHOOD OVERVIEW ATLANTICRETAIL.COM | 12 Livability Factors Pittsburgh is frequently touted as one of the “most livable cities” in the United States thanks to its low cost of living, many entertainment and recreational opportunities, rich culture and ease of accessibility.

PRIME METRO LOCATION Pittsburgh is within 500 miles of more than half the country’s population, and is less than a 90-minute flight from 50 percent of the North American population. The city is less than six hours by car or train to nine states, DEMOGRAPHICS & LIVABILITY FACTORS Washington, D.C. and Canada. Port Authority of Allegheny County is the public transit POPULATION: agency for the Greater Pittsburgh area, 305,704 (City) providing bus, light rail, incline and 1.22 Million (Allegheny County) paratransit services to thousands of 2.3 Million (Pittsburgh Metro Area) riders daily. AREA: HIGHLY-RATED AIRPORT 55 Square Miles

Pittsburgh International Airport offers 72 MEDIAN SALE PRICE MULTI-FAMILY HOME: non-stop flights on 17 airlines to cities $115,000 throughout the United States, Europe,

Canada and the Caribbean, helping to make BACHELOR’S DEGREE OR HIGHER: it the busiest airport in Western Pennsylvania. 36% (In 2017, the airport served nearly 9 million passengers.) Pittsburgh International Airport AVERAGE TRAVEL TIME TO WORK: was named “Airport of the Year” by Air 23 Minutes Transport World Magazine, and both Travel + Leisure and Condé Nast Traveler named MUSEUMS: Pittsburgh International Airport a “Top 66 10 Domestic Airport.” In September 2017,

Allegheny County Airport Authority official COLLEGES/UNIVERSITIES: announced a $1.1 billion plan to reconfigure 22 the airport’s terminal complex, including a brand-new landside terminal and a new LIBRARIES: parking garage. Work on the new facility is 31 expected to begin in 2019, and the project is scheduled to be completed in 2023.

MATTRESS FIRM | LIVABILITY FACTORS ATLANTICRETAIL.COM | 13 Mattress Firm Economy & Tourism Overview Pittsburgh, Pennsylvania

MATTRESS FIRM | ECONOMY & TOURISM OVERVIEW ATLANTICRETAIL.COM | 14 Pittsburgh Economic Overview Pittsburgh’s serious “cool” factor makes it a popular place to live. A good fit for families, young professionals and retirees alike, the city wins accolades for affordability, friendliness and quality of life. With leading healthcare and educational institutions, cutting-edge technology companies, cultural attractions and amenities to support an active lifestyle, Pittsburgh consistently ranks among the best places to live in the country. VARIED ECONOMIC BASE Mellon University (CMU) is a private research Job seekers, entrepreneurs and businesses university founded by Andrew Carnegie and both large and small will find low is ranked 23rd overall on the U.S. News & unemployment rates and a strong economy World Report list of “America’s Best National with a focus on healthcare, education, Universities.” The University of Pittsburgh— technology and financial services in popularly referred to as “Pitt”—is a state- Pittsburgh. Forbes lists the city among related school with one of the nation’s the “Best Places for Business and Careers,” largest research programs. Pitt is ranked at and Pittsburgh tops Trulia’s list of “Best No. 20 on the U.S. News & World Report list Markets for College Grads.” Today, of best national public universities. companies like Google, Apple, Facebook and IBM are among 1,6000 technology firms with WORLD-RENOWNED offices in the city, generating $20.7 billion HEALTHCARE SYSTEM in annual payroll. The area has served as the The two largest area healthcare providers are long-time federal agency headquarters for the world-renowned University of Pittsburgh cyber defense, software engineering, energy Medical Center (UPMC) and Allegheny Health research and the nuclear navy. Pittsburgh Network. Both flagship hospitals annually is home to 68 colleges and universities, rank as among the best overall in the United including research and development States, with UPMC ranked among the U.S. leaders like Carnegie Mellon University and News & World Report “Honor Roll” every year the University of Pittsburgh. The nation’s since 2000. UPMC is a $16 billion integrated eighth-largest bank, eight Fortune 500 global nonprofit health enterprise that has companies and six of the top 300 U.S. law 80,000 employees, over 35 hospitals with firms make their global headquarters in the more than 8,000 licensed beds, 600 clinical city, while RAND, BNY Mellon, Nova, FedEx, locations and a 3.4 million-member health Bayer and NIOSH have regional bases that insurance division. have helped Pittsburgh become the sixth- best area for U.S. job growth. HIGHLY LIVABLE CITY Pittsburgh often places high in lists of the LEADER IN EDUCATION nation’s most livable cities. Great school Education is a major economic driver in choices, affordable housing, a low crime the region. The largest single employer in rate, solid economy and culturally-rich education is the University of Pittsburgh, environment make it an ideal place to raise a which has 10,700 employees. The campuses family, pursue a career or even retire. Rated of Carlow University, Carnegie Mellon and the above average for walkability, Pittsburgh University of Pittsburgh are adjacent to each attracts those who want a livable city with other in the Oakland neighborhood that is many opportunities for recreation, education, the city’s traditional cultural center. Carnegie volunteering and active communities.

MATTRESS FIRM | ECONOMIC OVERVIEW ATLANTICRETAIL.COM | 15 Technology in Pittsburgh Pittsburgh is reinventing itself as an innovation hub, forging a new future and remaking an iconic steel town into a modern technology hub. The city has undergone a dramatic environmental transformation and technological makeover, earning its reputation as one of America’s “most livable” cities.

GROWING TECHNOLOGY HUB EDUCATION AND TECHNOLOGY Pittsburgh ranks among the top cities in the Pittsburgh’s universities are making sure United States for green-certified building the city stays at the top of the technology space and is named a top “NextTech” city. industry. Carnegie Mellon University (CMU) Once a center for the production of steel, is recognized as pioneering one of the first iron and glass, Pittsburgh is now a leader computer science programs in the world. The in medicine, education, healthcare, university collaborates with companies like robotics, software engineering and high-tech Apple, Intel, Caterpillar and Disney, helping industries. In fact, the Pittsburgh tech sector to expand technology ties in Pittsburgh. CMU generated $22 billion in the last decade, with also houses Tank LeFleur, the Roboceptionist. more than $687 million being invested in Established in 2013, the University of Pittsburgh tech companies in 2017 alone. Pittsburgh launched the Innovation Institute, a hub of innovation and entrepreneurship. HIGH-TECH TOURISM The Innovation Institute provides various The city of Pittsburgh has grown into a services for Pitt Innovators including protecting intellectual property, mentoring, premier technology hub, incorporating A new $21 million Science Pavilion on the east side educational programming and much more. innovative and high-tech experiences for of the Carnegie Science Center includes nine STEM visitors. Take a trip to the National and learning labs and a top-floor space for special events, “fly like a bird in New York City” at the Birdly GREEN ARCHITECTURE social and civic gatherings, conferences Exhibit, a hands-on flight simulation Once an industrial hub, Pittsburgh has and competitions. experience. Visit the Carnegie Science shed its image as a smoky city and has Center’s Roboworld, the world’s largest emerged as a leader in the green building permanent robotics exhibition, and the movement. Pittsburgh is home to more than Fab Lab, a digital fabrication laboratory for 30 green-certified buildings, including innovation and invention. It’s possible for the first green college residence hall, visitors and residents to experience the city’s convention center and the Center for tech scene just by walking down the street. Sustainable Landscapes, a Living Building. Pittsburgh is a leader in the development of Pittsburgh is creating better-performing self-driving cars from Uber and Argo AI that green products and building technologies for regularly roam the roads. a much greener future.

MATTRESS FIRM | TECHNOLOGY IN PITTSBURGH ATLANTICRETAIL.COM | 16 Pittsburgh Tourism Overview Pittsburgh is truly a must-see travel destination. Most recently, Harper’s Bazaar named Pittsburgh one of the “Best Places to Travel” in 2017. With outstanding attractions, award-winning restaurants, world-class accommodations, affordability and walkability, the city of Pittsburgh is the perfect place to plan a memorable getaway.

No matter where visitors and residents fans ramp up the chant, “Let’s Go Bucks!” go in the City of Champions, locals will be One more World Series win would mean the proudly waving banners and wearing the six championship titles for the team. Unique Arts Scene black and gold colors of Pittsburgh’s three major professional sports teams. Pittsburgh’s UNIVERSITY OF PITTSBURGH Pittsburgh’s world-class Cultural District expands the horizons of artists, students and patrons through the dedication to sports has a long history and, With nine National Championships in performing and visual arts exhibitions. More than 2,000 performances annually attract more than two million peo- in 2009, the city won the Sporting News title football and two National Championships ple to the region. The non-profit arts and cultural industry in Allegheny County generates $341 million in economic of “Best Sports City” in the country. Combine in basketball, the University of Pittsburgh activity annually that supports over 10,000 full-time jobs with nearly $34 million in local and state taxes raised. the city’s professional and amateur teams Panthers inspire fans to sing, “Let’s Go Pitt!” This thriving arts scene enriches the city with classical music, opera, ballet, musical theatre, contemporary dance and state-of-the-art sports venues, and it’s The university adopted Roc the Panther as and family events, as well as educational and community engagement programs. no wonder Pittsburgh is the top destination its mascot, an animal known for speed and for sports. Over the next four years, the city agility that was indigenous to the region. will host 22 NCAA events. DUQUESNE UNIVERSITY At Duquesne University’s beautiful campus, Steelers fans are as legendary as the team located on a picturesque bluff, 17 men’s and itself. “Steelers Nation” means just that: a fan women’s varsity basketball and football club criss-crossing the globe from its Heinz teams compete at the Division I level. Field epicenter, where behind-the-scenes This competitive play makes for a great stadium tours are available from April family outing at an excellent value. The through October. Watch the players practice Junior Dukes Club has exclusive events and for free at the Steelers Training Camp at sports clinics. Saint Vincent College, or join in singing the Steelers Fight Song, “Here We Go!” The ROBERT MORRIS UNIVERSITY Steelers have reached the NFL playoffs Another Division I athletics program at 30 times and have won six Super Bowl Robert Morris University brings numerous Championship titles. chances to enjoy affordable games of football, hockey or basketball in a PITTSBURGH PENGUINS family-friendly atmosphere. RMU The Pittsburgh Penguins won the franchise’s student-athletes compete at the highest Pittsburgh is home to the world’s second-largest furry fifth Stanley Cup in 2017, becoming the first levels of collegiate athletics: NCAA Division convention known as , which has been held annually back-to-back NHL champions in 19 years. I. Athletic teams include the only men’s since 2006. In 2017, Anthrocon drew over 7,000 visitors and has When the Pens face off at PPG Paints Arena, and women’s DI ice hockey squads in the had a cumulative economic impact of $53 million over the course tickets sell out fast. Pittsburgh region, and the only DI men’s of its 11 years being hosted in Pittsburgh. lacrosse team between Columbus and State PITTSBURGH PIRATES College. Playing in the prestigious Northeast There’s no place for baseball like PNC Conference, RMU’s football team has won the Park, home to the Pittsburgh Pirates. The most championship titles in the conference. classic-style ballpark showcases the city’s stunning skyline and riverfront. Each season,

MATTRESS FIRM | TOURISM OVERVIEW ATLANTICRETAIL.COM | 17 153,884 $3.44 B EST POPULATION ANNUAL HH SPENDING IN 5-MILE RADIUS IN 5-MILE RADIUS

$93,394 27,000 AVG HH INCOME ADT ALONG IN 5-MILE RADIUS MCKNIGHT ROAD Demographics

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES

Estimated Population 7,646 67,358 153,884 2022 Projected Population 7,714 67,725 154,922 2010 Census Population 7,506 67,031 152,620 2000 Census Population 7,801 69,171 155,829 Projected Annual Growth (2017–2022) 0.18% 0.11% 0.13% Estimated Households 3,732 29,477 66,088

POPULATION 2022 Projected Households 3,777 29,747 66,704 2010 Census Households 3,651 29,113 65,192 2000 Census Households 3,541 28,228 63,397 Projected Annual Growth (2017–2022) 0.24% 0.18% 0.19% Est. HH Income $200,000+ 3.60% 6.30% 7.90% Est. HH Income $150,000-$199,999 6.40% 7.40% 7.20% Est. HH Income $100,000–$149,999 18.00% 19.20% 16.90% Est. HH Income $75,000-$99,999 12.10% 15.00% 14.40% Est. HH Income $50,000–$74,999 17.40% 18.60% 17.90% Est. HH Income $35,000–$49,999 13.00% 11.20% 11.60%

INCOME Est. HH Income $25,000–$34,999 9.60% 7.90% 8.40% Est. HH Income $15,000–$24,999 8.50% 7.90% 8.30% Est. HH Income Under $15,000 11.40% 6.60% 7.40% Est. Average Household Income 77,487 $90,750 $93,394 Est. Median Household Income $58,578 $70,991 $68,326 Est. White 88.60% 92.60% 89.90% Est. Black 2.50% 1.70% 4.10% Est. Asian or Pacific Islander 6.90% 4.00% 3.90%

RACE Est. American Indian or Alaska Native 0.10% 0.10% 0.10% Est. Other/Multiple Races 1.80% 1.60% 2.00% Est. Hispanic Population 2.20% 1.50% 1.70%

MATTRESS FIRM | DEMOGRAPHICS ATLANTICRETAIL.COM | 18 Confidentiality The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Atlantic Investments and should not be made available to any other person or entity without the written consent of Atlantic Investments. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Atlantic Investments has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Atlantic Investments has not verified, and will not verify, any of the information contained herein, nor has Atlantic Investments conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

MATTRESS FIRM | CONFIDENTIALITY ATLANTICRETAIL.COM | 19 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