Mattress Firm & Motif Jewelers

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Mattress Firm & Motif Jewelers

21838-21840 Eureka Rd Taylor MI Wayne County

Sales Price: $2,789,723

Cap Rate: 6.50%

Contact Person(s): Max Lippitt
Daniel Kukes
Jason Greenspan

Description:

RECENT DEVELOPMENT & LONG TERM LEASES

  • Building was completely re-developed in 2018
  • All new parking lot, roof, HVAC, etc.
  • Mattress Firm and Motif Jewelers both have leases in place until 2030 and 2031 respectively.

BASE TERM RENT INCREASES

  • Mattress Firm has a 10% rent increase in 2023
  • Motif Jewelers has a 10% rent increase in 2026

MATTRESS FIRM CORPORATE GUARANTY

  • 2,300+ Locations
  • $4.39B Annual Revenue

STRONG REGIONAL TRADE AREA

  • Property sits directly in middle of Taylor’s retail corridor surrounded by national tenants such as Target, Meijer, BJ’s Wholesale, Macy’s, JC Penney, Kohl’s, ULTA, Burlington, Best Buy, Texas Roadhouse, etc.

Building Size: 6,806 SF

Lot Size: 0.90 AC

Zoning: B2- Regional Business District

Anchors:

Tenant Roster: Mattress Firm & Motif Jewelers

Traffic Count: Eureka Rd: 32,433 CPD
Racho Rd: 7,300 CPD

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 4,001 69,614 215,336
Avg. HH Income: $75,274 $70,429 $75,016
Daytime Population: 4,998 35,189 76,579

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.