MATTRESS FIRM SUPER CENTERHOLLAND, OH

RARE ABSOLUTE NNN CORPORATE LEASEBELOW MARKET RENT

2

MATTRESS FIRM SUPER CENTER

8.50%CAP

$3,934,306PRICE

1255 E MALL DRIVE, HOLLAND, OH 43528

7 years remaining on 10-year lease

Rare absolute NNN corporate lease

Two 5-year renewal options

Top performing location within strong retail corridor

Below market rent

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LEASABLE SF19,230 SF

LEASE EXPIRATION06/30/2024

LEASE TYPEABSOLUTE NNN

LAND AREA2.83 Acres

YEAR BUILT2014

PARKING61 SPACES

3

Overview

RETAIL MARKET - The subject property is strategically positioned within the epicenter of the primary retail corridor in Holland, along Mall Road. The asset is surrounded by a dense mix of nationally recognized retailers, including Sam’s Club, Walmart Supercenter, Target, Best Buy, Guitar Center, TJ Maxx, Kroger and many more. Additionally, the location boasts combined traffic counts in excess of 112,000 VPD.

EXCEPTIONALLY WELL PERFORMING STORE - Prior to construction, the tenant elected to increase the size from 12,000 SF to 19,230 SF due to anticipated market demand, which has proven to be true. This is one of the top performing Mattress Firms in the region and serves as a distribution hub for the tenant. This is a key location for the tenant because the distribution center services five other stores, which increases the likelihood that the tenant will exercise their options.

LEASE HIGHLIGHTS - This build-to-suit location opened in June of 2014 and features a 10-year absolute NNN corporate lease, leaving nearly 7 years of term remaining. There are increases in the two 5-year renewal options.

RICK SANNERrsanner@capitalpacific.comPH: 415.274.2709CA BRE# 01792433

Contact the team

IN CONJUNCTION WITH OH LICENSED BROKER:

TIM ALBROCrest Commercial Realty PH: 937.222.1600 Ext. 104 tim.albro@crestrealtyohio.com

139,000+ RESIDENTS WITH AVERAGE HOUSEHOLD INCOMES OF OVER $71K WITHIN A 5-MILE RADIUS

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

4

Investment Highlights

N Mall Drive

E Mall Drive

S De

troit

Aven

ue

S By

rne

Road

S Re

ynol

ds R

oad

Perrysburg

Holland Road

S McCord Road

Hill AvenueHill Avenue

Airport Highway

475

475

80

80

90

90

2

2

20

24

20

HEATHER DOWNS COUNTRY CLUB

BRANDYWINE COUNTRY CLUB

SOUTH TOLEDO

GOLF CLUB

SPRINGFIELD COMMONS

AIRPORT SQUARE

ORCHARD CENTRESPRING MEADOWS PLACE

SOUTHLAND SHOPPING CENTER

REYNOLDS PLAZA

TOLEDO

2

63,860 DA

ILY

48,600 DAILY

5

Aerial

SUBJECT PROPERTY IS STRATEGICALLY LOCATED IN THE HEART OF HOLLAND’S BIG-BOX RETAIL CORE. SURROUNDING RETAILERS INCLUDE WALMART SUPERCENTER, BEST BUY, TARGET, DICK’S, T.J. MAXX, PETSMART, ASHLEY HOMESTORE, PIER 1 IMPORTS, KOHL’S, BED BATH & BEYOND AND MORE.

63,860 VPD

6

Retail Aerial

Sam’s ClubBest BuyTargetDick’s Sporting GoodsQuality InnWalmart SupercenterLittle Ceasar’s Pizza

Dollar TreeTJ. MaxxPetSmartAshley HomeStoreChili’sPanera BreadChick-Fil-A

StarbucksPanda ExpressIHOPBoston MarketBabies “R” UsKohl’sKroger

BUSINESS SUMMARY

KEY 1-MILE 3-MILES 5-MILES

Businesses 482 2,451 5,456

Employees 8,601 37,572 82,493

Residential Population 5,547 58,229 140,253

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Submarket Overview

RETAILERS IN CLOSE PROXIMITY INCLUDE:

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

PRICE $3,934,306 Price Per Square Foot: $204.59

Capitalization Rate: 8.50%

Total Rentable Area (SF): 19,230

Lot Size (AC): 2.83

STABILIZED INCOME PER SQUARE FOOT

Scheduled Rent $17.39 $334,416

Effective Gross Income $17.39 $334,416

LESS PER SQUARE FOOT

Taxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $334,416

8

Income & Expense

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TENANT INFO LEASE TERMS RENT SUMMARYTENANT NAME SQ. FT. CURRENT

RENTMONTHLY

RENTYEARLY

RENTMONTHLY RENT/FT

YEARLYRENT/FT

Mattress Firm 19,230 07/01/14 06/30/19 $334,416 $27,868 $334,416 $1.45 $17.39

07/01/19 06/30/24 $27,868 $334,416 $1.45 $17.39

Option 1 07/01/24 06/30/29 $30,655 $367,860 $1.59 $19.13

Option 2 07/01/29 08/31/34 $33,721 $404,646 $1.75 $21.04

TOTALS: 19,230 $334,416 $27,868 $334,416 $1.45 $17.39

9

Rent Roll

19,230RENTABLE SF

2.83ACRES

61SPACES

This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

N Mall Drive

E M

all D

rive

475

63,860 DA

ILY

WAREHOUSESECTION7,230 SF

RETAIL STORE12,000SF

10

Site Plan

Mattress Firm is the nation’s largest multi-brand mattress retailer, and is the first chain to have store locations from border-to-border, coast-to-coast. Currently operating over 3,500 stores across 49 states, Mattress Firm offers a broad selection of mattresses and bedding accessories, including leading manufacturers and brand names.

In September 2016, Mattress Firm was acquired for $3.8 billion by Steinhoff International, a German international retail holding company, and now operates as a subsidiary of Steinhoff. With operations in 30 countries, Steinhoff International Holdings is the world’s largest multi-brand/multi-national mattress retail distribution network, and deals primarily with furniture and household goods.

ABOUT MATTRESS FIRM

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

3,500MATTRESS FIRM

LOCATIONS

40STEINHOFF-OWNED

BRANDS

$2.9 Billion

STEINHOFFMARKET

CAP

#1NATION’S LARGEST

MATTRESS RETAILER

91,000 # OF STEINHOFFEMPLOYEES 11

Tenant Overview

POPULATION

1-MILE 3-MILES 5-MILES

2010 5,610 58,651 141,262

2016 5,547 58,229 140,253

2021 5,510 57,827 139,362

2017 HH INCOME

1-MILE 3-MILES 5-MILES

Average $62,318 $68,501 $79,880

TOP EMPLOYERS OF TOLEDO

EMPLOYER # OF EMPLOYEES

ProMedica Health Care 10,174

Mercy Health Partners 6,185

Bowling Green State University 5,957

University of Toledo 4,691

UT Health Science Campus 3,750

HOLLAND

TOLEDO(18 MIN 14 MILES)

THE AVERAGE HOUSEHOLD INCOME WITHIN A 5-MILE RADIUS

IS OVER $79K

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

12

Demographics

HOLLAND, OHIO

HOLLAND is located 11 miles from the Toledo city center and within the Toledo MSA of 605,000+ residents. One of the primary employers for residents of Holland is the University of Toledo. The university boasts approximately 23,000 students and academic staff of nearly 2,300. The university also operates a 450-acre Health Science campus, known as the University of Toledo Medical Center, 5 miles from the subject property.

Holland, located in Northwest Ohio, is in close proximity to other major metro areas of the Midwest including Detroit, which is just one hour north. The subject property is located 7 miles from the Toledo Airport.

EMPLOYMENT IN TOLEDO has grown in the medical device and instrument and technology industries. Although Toledo is known as the “Glass City” due

its long history of innovation in the glass industry, metals, steel, and plastics are also important and growing industries within the Toledo MSA.

EMPLOYMENT GROWTH

605,956

TOLEDO MSA POPULATION (ESTIMATED)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TOLEDO, OH

13

Location Overview

We’d love to hearfrom you.

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:

RICK SANNERrsanner@capitalpacific.comPH: 415.274.2709CA BRE# 01792433

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

IN CONJUNCTION WITH IL LICENSED BROKER:

TIM ALBROCrest Commercial Realty PH: 937.222.1600 Ext. 104 tim.albro@crestrealtyohio.com

JOE CACCAMOJOHN ANDREINI

ZANDY SMITH

DAVE LUCAS

RICK SANNER AARON SUSMAN

CHRIS KOSTANECKIZEB RIPPLE CHRIS PETERS

JACK NAVARRA

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