7201 N Oracle Rd Tucson, AZ 85704

This retail property features an absolute NNN lease, meaning the landlord has no responsibilities. The property is currently occupied by Mattress Firm, a company with approximately 2,400 stores across the U.S. The corporate-guaranteed lease has a 10-year term, with 6 years remaining on the primary term. The lease includes 10% rent increases every 5 years. Mattress Firm was acquired by Steinhoff International in September 2016. Steinhoff International is a global retailer with more than 40 brands in 30 countries and revenue of $9.19 billion. The property is situated on a hard corner location, offering excellent visibility from both Oracle and Ina Roads. This intersection experiences high traffic, with nearly 94,000 vehicles per day. The surrounding residential communities are affluent, with an average household income exceeding $107,000 within a 1-mile radius. The location is a dynamic intersection with retailers including Whole Foods, Safeway, Walgreens, Starbucks, Bank of America, Wells Fargo, Chico’s, Chipotle and Pei Wei. The property has a size of 3,500 square feet.