4576 S Power Road

4576 S Power Road Gilbert, AZ 85296

  • 10,000 Square Feet
  • Retail
  • For Sale

Summary Description

Colliers International Urban Property Team is pleased to offer the recently constructed 10,000 square-foot single-tenant Mattress Firm net leased investment in Gilbert, Arizona. The asset is located in the eastern portion of Gilbert, one of the most affluent and rapidly expanding submarkets in the greater Phoenix area. The freestanding property is essentially an outparcel adjacent to the 580,000 SF American Furniture Warehouse. Mattress Firm signed an eleven year corporate backed, double net lease featuring two 5-year option terms. 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. It is a wholly owned subsidiary of Steinhoff International, a global retailer with over 40 local brands in 30 countries.

Lot Size: 60408 Square Feet

Building Size: 10000 Square Feet

Area Available: 10,000 Square Feet

Features:

  • Stable credit/income stream
  • Demographic base
  • Financing opportunity
  • Lease struture
  • Strong retail trade area
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