Mattress Firm Pittsburgh, Pennsylvania $2,057,143 + 7.00% Michael Zimmerman, Principal 919.391.9901 +
[email protected] Property listed in conjunction with Pennsylvania broker Aaron Savin of ECHO Real Estate Services Company (PA RE license RM419391). Coming Soon Prime Investment + This NN Mattress Firm lease features minimal landlord responsibilities, rental increases and an additional option to renew. Strategic Location + This area of McKnight Road is the prominent, primary retail corridor in McKnight Road the market, and features several high- end furnishing retailers, including The Block Northway At Home, Kirkland’s, The Container Store and more. Accessible Site + The site sits at a visible corner location adjacent to The Block Northway with easy access to downtown Pittsburgh and the 2.3 million people who call the area home. In-Line Rental Rates + This Mattress Firm lease features rental rates that are firmly in line with market rents along McKnight Road, which are currently $36 per square foot of retail space. Mattress Firm + Investment Highlights groundandspacepartners.com + 1 Representative Photo Investment Summary Tenants Mattress Firm Guarantor Corporate Address 7975 McKnight Road Pittsburgh, PA 15327 Asking Price $2,057,143 Cap Rate 7.00% Annual Rent $144,000 ($36.00/SF) Year Built 2013 Building Size ± 4,000 SF Land Size ± 0.52 AC Lease Term ~10 Years Lease Type NN Commenced May 23, 2013 Expires May 31, 2029* First Option Exercised Options 1 x 5-Year Option Remains Increases $3.00/SF in Years 12 + 17 Landlord Roof, Structure + Parking Lot Mattress Firm + Investment Summary groundandspacepartners.com + 2 Rent Schedule Years Annual Rent Increase 6–11 (Base Term) $144,000 ($36.00/SF) N/A 12–16 (Base Term)* $156,000 ($39.00/SF) $3.00/SF 17–21 (Option 1) $168,000 ($42.00/SF) $3.00/SF *Tenant has exercised its First Option Period.