Mattress Firm NNN Investment 200 West 13490 South Draper, Utah 84020 Prepared by: CHAD MOORE direct 801.456.8801 cmoore@mtnwest.com JEFF HARRISON direct 801.456.8807 jharrison@mtnwest.com 801.456.8800 376 East 400 South, Suite 120 l Salt Lake City, UT 84111 Offi ce 801.456.8800 l Fax 801.578.5500
TABLE OF CONTENTS 1. CONFIDENTIALITY AND DISCLOSURE 2. PROPOSED ELEVATION 3. PROPERTY SUMMARY 4. LEASE SUMMARY 5. SITE AERIAL MAPS 6. SITE PLAN 7. TENANT BIO 8. DEMOGRAPHICS
CONFIDENTIALITY AND DISCLOSURE Mountain West Retail/Investment has been retained on an exclusive basis to market the property described herein 200 West 13490 South, Draper, Utah. Broker has been authorized by seller of the property Mattress Firm to prepare and distribute the enclosed information for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and the prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and /or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the Market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information.
PROPOSED ELEVATION
PROPERTY SUMMARY Property Profile Address Type Building Size 200 West 13490 South Draper, Utah 84020 Retail 4,995 SF Parcel Number 33-01-203-001-0000 Land Size Zoning 1.01 Acres CR
LEASE SUMMARY Lease Term Lease Rate Option Periods 11 Years Years 1 5: $38.00/SF Years 6 10: $41.80/SF Two (2) Five (5) Year Options With 10% Increases
SITE AERIAL MAP Ikea Way Pony Express Road 163,780 cars/day 13200 South 15 PROPOSED Tahiti Sun Tanning 150 East Trailside Dry Cleaning Lone Peak Car Wash 200 West 13490 South Super Tunnel 15 EXIT #289 Luxury Nail & Spa 44,310 cars/day Bangerter Highway PROPOSED 13800 South Mr. Suds Car Wash 140,995 cars/day PROPOSED 11,585 cars/day
AERIAL MAP 13490 South 110 We st 200 We st Bangerter Highway
SITE PLAN
TENANT BIO Mattress Firm Holding Corp. (Mattress Firm), incorporated on January 5, 2007, is a specialty retailer of mattresses and related products and accessories in the United States. The Company conducts its operations through its indirect, wholly owned subsidiary, Mattress Holding Corp. and its subsidiaries. As of August 2, 2011, the Company and its franchisees operated 620 and 107 stores, respectively, primarily under the Mattress Firm name, in 60 markets across 25 states. The Company focuses on the national brands, but also offers its customers its Hampton and Rhodes private label mattresses. The Company has introduced its YuMe brand. On October 15, 2010, the Company acquired Peak Management, LLC. On December 1, 2010, the Company acquired Maggie s Enterprises, Inc. The Company s stores carry national mattress brands, with a range of styles, sizes, price points and features. The Company provides its customers with their choice of traditional mattresses, including Sealy and Simmons, as well as specialty mattresses, such as Tempur-Pedic. In addition to its mattress selection, the Company offers a range of bedding-related products and accessories. Conventional mattresses, such as those of Sealy (including Sealy Posturepedic and Stearns and Foster) and Simmons (including Simmons Beautyrest), utilize steel-coil innersprings. During the fiscal year ended February 1, 2011, the conventional mattresses represented approximately 75% of bedding industry sales in the United States and approximately 60% of the Company s total sales. In addition to these national brands, the Company also offers its Hampton and Rhodes private label mattresses. Specialty mattresses, such as those manufactured by Tempur-Pedic and select comfort, utilize materials other than steel-coil innersprings to provide comfort and support. In fiscal 2010, the specialty mattresses represented approximately 30% of the Company s total sales. The Company is expanding its assortments in the categories, including viscoelastic foam mattresses and yume sleep system. Viscoelastic foam, also referred to as memory foam or polyurethane foam, features a temperature sensitive foam core that reduces pressure points and tossing and turning by contouring to one s body. The Company has introduced a sleep system made of foam produced from coconut oil, utilizing a technology that uses ambient air to heat and cool the mattress surface. During fiscal 2010, the Company was in the process of introducing new headboards and footboards, which complement its current bedding products. All of the Company s stores carry an assortment of beddingrelated accessories, including bed frames, mattress pads and pillows. In fiscal 2010, bedding-related products and accessories represented approximately 7% of the Company s total sales from Companyoperated stores. The Company competes with Mattress Giant, American Mattress, Haverty s, Rooms-To-Go, Macy s, Sears, JC Penney, Walmart, Costco and Original Mattress.
DEMOGRAPHICS 1 MILE
DEMOGRAPHICS 3 MILES
DEMOGRAPHICS 5 MILES