Mattress Firm

100 Commonwealth Boulevard West - Martinsville VA 24112

LTV (Loan to Value)	65.00%	Current NOI	$147,520.00
Interest Rate	4.250%	Capital Rate	7.000%
Fixed Term	10 Years	Land Area	0.63 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,370,200.00	Property Type	Retail
Payment	$7,422.90	Property Lease	Furniture
Bulding Size	6,400 SF	Remaining Terms	10 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a single tenant retail property located in Martinsville, Virginia. The property is leased to Mattress Firm, Inc. who operates a brand new NN lease with Ten (10) years on the term and Two (2), Five (5) year renewal options. The lease term contains 10% rental increases, every Five (5) years, throughout the primary term and option periods. The Mattress Firm is located adjacent to Liberty Fair Mall on Martinsville's major retail corridor. The subject property is currently undergoing renovations and is estimated to open at the beginning of December.

Highlights

Best-in-Market Location – Situated between Chick-fil-A and McDonald’s on Martinsville’s busiest thoroughfare, site access is facilitated via a signalized intersectionBrand…

Property Description

Martinsville is an independent city in Virginia. As of the 2010 census, the population was 13,821. It is the county seat of Henry County, Virginia. Martinsville is the principal city of the Martinsville Micropolitan Statistical Area, with a population of 73,346 as of the 2000 census. Located on the southern border of Virginia, Martinsville is a thriving community conveniently positioned within a day's drive of 60% of the U.S. population and over a third of the nation's industrial manufacturers. Martinsville is positioned 50 miles south of Roanoke, Virginia and 50 miles north of Greensboro, North Carolina - home to the Piedmont Triad International Airport. In general, companies doing business in Martinsville enjoy a low business cost. Martinsville construction rates are 28% below the national average and electric rates are among the lowest in the nation. With over 850,000 people in the workforce within a 50 mile radius, the area provides businesses with a dense labor pool of highly skilled workers.