100% Occupied Free Standing Three Tenant Retail Center Featuring Mattress Firm, Sprint and Turbo Tech
Over 70% of the Income Guaranteed By Mattress Firm (Steinhoff International Holdings) – 2016 Revenue of $14.5B
Located on Dominant Retail Arterial – Outparcel to Walmart Supercenter
Adjacent Retailers Include: Lowe’s Home Improvement, Walgreens, Wells Fargo, Dollar Tree, Starbucks and Zaxby’s
Rare Coastal Location with a Median Household Income of $80,584 Within a 1-Mile Radius
High Traffic Counts of Over 41,000 VPD
Mattress Firm: 10% Rental Increase Every 5 Years
Sprint: 5% Rental Increase at Options
Turbo Tech: 3% Annual Rental Increases
In Cooperation with: SIG Real Estate Services FL, LLC – BOR Andrew Ackerman Lic# BK3369953
Mattress Firm Inc. is an American retailing company and mattress store chain founded on July 4, 1986. The headquarters of the company is located in Houston, Texas. Mattress Firm acquired Sleep Train in 2014. In September 2016, Steinhoff International Holdings N.V. completed it's acquisition of Mattress Firm and Mattress Firm is now a subsidiary of Steinhoff.
As of August 2016, Steinhoff held retailing activities in 30 countries, counting 6,500 retail outlets belonging to 40 different brands, and employing about 90,000 employees. 60% of the company's revenue, and 2/3 of its benefits, are made in Europe. Steinhoff expanded into the United States market on 7 August 2016. Steinhoff's South African brands include HiFi Corp, Pennypinchers, Timbercity, Pep, Ackermans, Shoe City, Incredible Connection, and Unitrans. In the UK, Steinhoff owns the high street brands Cargo, Harveys Furniture, Bensons for Beds, Sleepmaster and Pep&Co.
Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 60.2 million connections as of Sept. 30, 2016 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America for the past five years. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.