Mattress Firm NNN Lease
For Sale
$2,940,000
7201 N Oracle Road, Tucson, AZ 85704
Corporate guaranteed NNN lease with rent increases and high traffic.
Property Size3,500 SF
Price / SF$840
Days on Market158
Property Features for 7201 N Oracle Road
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Retail
Listing Agency:
Phoenix Commercial Advisors
Listed By:
Chad Tiedeman · License #SA536326000
(602) 288-3472
Source:
Phoenixcommercialadvisors
Added: Apr 1
Changed: Sep 3
Last Checked: Sep 5 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Phoenix Commercial Advisors
Investment Insights
Based on property information with market context.
This commercial property is leased to Mattress Firm under an absolute NNN lease, meaning the landlord has no responsibilities. The corporate-guaranteed 10-year lease has 6 years remaining on the primary term. Mattress Firm has approximately 2,400 stores across the U.S. The lease includes 10% rent increases every 5 years. Steinhoff International acquired Mattress Firm in September 2016 for $3.8 billion; it is a global retailer with more than 40 brands in 30 countries and revenue of $9.19 billion. The property is located on a hard corner with excellent visibility from both Oracle and Ina Roads. The intersection has high traffic, with nearly 94,000 vehicles per day. The surrounding residential communities are affluent, with an average household income over $107,000 within a 1-mile radius. Retailers in the area include Whole Foods, Safeway, Walgreens, Starbucks, Bank of America, Wells Fargo, Chico’s, Chipotle, and Pei Wei. The property is 3,500 square feet and offers a 5.50 cap rate.
Key Highlights
- Corporate guaranteed Absolute NNN lease, landlord has no responsibilities.
- 5.50% Cap Rate.
- Excellent 10% rent increases every 5 years.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,461
Businesses Nearby
164k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Dining 32%
Apparel 10%
Shops & Services 6%
Whole Foods Market
Groceries
47,440 visits/mo
0.1 miles
Safeway
Groceries
32,791 visits/mo
0.2 miles
Guadalajara
Dining
15,160 visits/mo
0.2 miles
Starbucks
Dining
12,435 visits/mo
0.1 miles
Pei Wei Asian Express
Dining
9,129 visits/mo
0.1 miles
Demographics for 85704, AZ
34,430
Population
17,827
Households
1.9
Avg Household Size
49
Median Age
51%
College-Educated
95%
High-School Grad
18.2 sq mi
ZIP Area
1,892
Density / Sq Mi
$76,915
Median Household Income
$43,684
Median Earnings
$1,424
Median Rent
$389,000
Median Home Value
Market
Vacancy Rate% for Retail in Tucson, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Corporate guaranteed NNN lease with rent increases and high traffic.
Where is this retail space located?
The property is located at 7201 N Oracle Road Tucson, AZ.
What is the asking price?
The asking price for this property is $2,940,000.
What are key features of this property?
This property features: Corporate guaranteed Absolute NNN lease, landlord has no responsibilities.; 5.50% Cap Rate.; Excellent 10% rent increases every 5 years.
