Mattress Firm NNN Lease
7201 N Oracle Road Tucson, AZ 85704
7201 N Oracle Road, Tucson, AZ, 85704
$2,940,000
For Sale
$2,940,000
Corporate guaranteed NNN lease with rent increases and high traffic.
Property Size3,500 SF
Price / SF$840
Days on Market113
Property Features for 7201 N Oracle Road
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Retail
Listing agency
Phoenix Commercial Advisors
(602) 288-3472
Listed by
Chad Tiedeman · License #SA536326000
Source
Phoenixcommercialadvisors
Added: Apr 1 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 6:03AM
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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
Location Intelligence
Current Use by Public Records
Mattress Firm Ina ...
Furniture & Home Goods
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FAQs
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.
