Mattress Firm Supercenter

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the brand new Mattress Firm Supercenter and Distribution store located in Holland, Ohio. Dan Cooper, President & Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the owner, a private investor out of Toledo, whom Dan has worked with on multiple transactions. The buyer was also found directly by Dan and is a private 1031 investor out of California. The sale was for $4,202,400 representing 96% of the list price and a 7.50% CAP Rate.

Details
The brand new (2014 construction) brick building was being built to accommodate its single-tenant retailer, Mattress Firm Supercenter. The franchisee hand-picked this particular location and this newest built-to-suit location just opened in June of 2014. The tenant has a brand new, 10-year Absolute Triple Net (NNN) lease with a mid-term rental increase and (2) 5-year renewal options thereafter. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation evaluation of your commercial property. Visit them on-line at www.coopergrp.com for the most up-to-date listings and information. Stay connected, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.