Mattress Firm

Tenant Description

Mattress Firm was founded in Houston, TX in 1986, and is one of the nation’s premier specialty bedding retailer. Mattress Firm’s retail locations are either company-owned and operated or operated by corporately guaranteed franchisees.

What To Look For When Buying A Mattress Firm

Most locations are NN leases (landlord responsible for roof & structure), Mattress Firm has filed for bankruptcy protections

What We Like About Mattress Firm

Largest bedding retailer in the United States, Most locations are in dense retail corridors

Competition

Sleep Mattress, Number One Sleep

What Is Sold In A Mattress Firm

They offer a broad selection of mattresses, bedding accessories and related products.

Mattress Firm Website

https://www.mattressfirm.com/

Corporate Office Location

10201 S Main St – Houston, TX 77025

Fast Facts

With more than 3,500 company-operated and franchised stores across 49 states, Mattress Firm has the largest geographic footprint in the United States among multi-brand mattress retailers.

In September 2016, Steinhoff International acquired Mattress Firm. In October 2018, Mattress Firm filed for Chapter 11 bankruptcy protection and announced plans to 700 company-owned stores.

Mattress Firm – Tenant News
Mattress Firm - Tenant News
Average Cap Rate Trend
7.25%
2019
7.50%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,550,000
Typical Rent$200,000
Average PRice/SF$550/SF
Typical Lease TypeDouble Net
Typical Lease Term10 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A

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