Merced, CA - Mor Furniture

Description:

• + 8 years remaining on the initial term with two (5-year) options
• 8.50% rental increase in November 2029 as well as FMV increases at the beginning of each option period, increasing NOI and hedging against inflation
• Corporate Guaranty Mor Furniture
• Mor Furniture operates 41 locations across seven states, serving as a dominant regional home furnishings brand. The company has a +40-year operating history and ranks among the top 100 furniture retailers in the U.S. They have a particularly strong and loyal presence in the Central Valley and all of California with 19 different locations in the State

• Excellent visibility at the Signalized intersection location of Olive Ave and Austin Ave which averages 40,000 VPD
• Pad to Lowe’s (Top 18% Nationwide Placer.ai) Anchored Center that also features Big 5, Dollar Tree, Ashley Furniture, Applebee’s, Jamba Juice, Round Table Pizza, Panda Express, Del Taco, and more. Strong co-tenancy enhances long-term tenant performance and site durability
• 21,710 SF freestanding modern building constructed in 2005
• Large 2.15-acre parcel with ample parking and efficient site layout

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002BFNZYA4