Mattress Firm & Wingstop NNN Property For Sale — Gilroy, CA · 6,928 SF
Gilroy, CA 95020
This listing presents an exceptional opportunity to acquire a multi-tenant retail pad featuring Mattress Firm and Wingstop. Located at a prime retail corridor in Gilroy, California, this investment offers strong real estate fundamentals and the creditworthiness of established tenants. The property is positioned to benefit from a fast-growing residential community and is in close proximity to Silicon Valley, providing excellent access and visibility. This NNN lease investment includes attractive rental increases, making it an ideal 1031 exchange property for discerning investors.
- Address: Gilroy, CA 95020
- Asking price $3.71M
- 5.50% cap rate
- NOI $204,347
- 4 years remaining
- NNN lease
- Year built: 2003
- Building size: 6,928 SF
- Lot size: 0.70 acres
- Lease expiration: Nov 30, 2023
- Rent increases: Mattress Firm: Dec-2018 $11,940/month, Dec-2019 $12,240/month, Dec-2020 $12,543/month, Dec-2021 $12,858/month, Dec-2022 $13,176/month; Wingstop: May-2019 $5,311/month, May-2020 $5,404/month, May-2021 $5,499/month, May-2022 $5,594/month, May-2023 $5,693/month, May-2024 $5,792/month, May-2025 $5,893/month, May-2026 $5,997/month, May-2027 $6,102/month, May-2028 $6,209/month, May-2029 $6,318/month
- Guarantor: Corporate
Location
This Mattress Firm & Wingstop property is in Gilroy, California.
Asset type: Retail