Below Market Rent Mattress Firm | Top 98% Percentile per Placer.ai | Fresno, CA

Description:

STNL Corporate Guaranty
Backed by Somni Group, a global leader in bedding products.
$8+ billion annual revenue and a network of over 2,800 retail stores nationwide.

Top-Performing Store Nationally and in California
This Mattress Firm ranks in the top 98th percentile nationwide and is a top six (6) performer in California, indicating exceptional sales and customer traffic (Source: Placer.ai).

Strong Market Fundamentals & Future Growth
Proposed 300+ unit residential development across Riverside Drive.
Planned Costco at the northeast corner of Herndon Avenue & Riverside Drive, enhancing traffic and demand.

Newer Construction with Modern Features
Subject Property was built in 2017, offering contemporary design and infrastructure.
Minimal near-term capital expenditure requirements.

Prime Location in Fresno’s Dominant Retail Corridor
Positioned as a pad to The Marketplace at El Paseo, a premier power center in Fresno.
Surrounded by high-performing national retailers including Target, Hobby Lobby, Burlington, Dutch Bros Coffee, and more.
Situated on a 1.03-acre lot with flexible uses, right at the entrance to the shopping center for excellent visibility and accessibility from the main thoroughfare and within the center.

Institutionally Managed Shopping Center
The Marketplace at El Paseo is professionally managed by Inland Investments, ensuring high standards of maintenance and operations.
Serves as the main retail hub in northwest Fresno, with strong institutional oversight for long-term value preservation.

Long-Term Stability & Income Growth
Corporate guarantee ensures secure cash flow and minimal risk for investors.
Currently four (4) years remaining on the initial lease term, with two (2), five (5)-year renewal options featuring ten percent (10%) rent increases in each option period.

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