Mattress Firm NNN Lease
7201 N Oracle Road Tucson, AZ 85704
For Sale
$2,940,000
Corporate guaranteed NNN lease with rent increases and high traffic.
Property Size3,500 SF
Price / SF$840
Days on Market120
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
Changed: Jul 10
Last Checked: Jul 29 at 4:53AM
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
Location Intelligence
Current Use
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.
