Mattress Firm

Average Sale and Lease Details

Price Range 12mo avg: $1.55M – $5.74M
$/sf 12mo avg: $568
CAP Rate 12mo avg: 6.39%
NOI average: $183,575
Lease Terms: 11yrs
Typical Lease Type: NN
Building Size avg: 5,941 SF
Lot Size avg: 1+/- acres

About Mattress Firm

With more than 3,500 company-operated and franchised stores across 48 states, Mattress Firm Holding Corp. (NASDAQ: MFRM) has the largest geographic footprint in the United States among multi-brand mattress retailers. Founded in 1986, Houston-based MFRM is the nation’s leading specialty bedding retailer with over $3.5 billion in pro forma sales in 2015. MFRM, through its brands including Mattress Firm, Sleepy’s and Sleep Train, offers a broad selection of both traditional and specialty mattresses, bedding accessories and other related products from leading manufacturers, including Serta, Simmons, Tempur-Pedic, Sealy, Stearns & Foster, King Coil and Hampton & Rhodes.

Mattress Firm… Save Money. Sleep Happy.

The company set out to be a different kind of mattress retailer; focused on creating a unique shopping experience for the customer with a large selection of quality, brand name bedding products, competitive pricing and knowledgeable, well-trained associates.

Over the next several years, Mattress Firm grew to new heights, with the addition of corporate owned and franchise owned stores. By 2002, the company owned and operated approximately 250 locations across the United States and was considered the second-largest independent retailer in the country.

Mattress Firm soon introduced a new store design, opened several new Super-Centers offering a greater selection from top bedding manufacturers, introduced same-day Red Carpet delivery and created the Firm Network, a unique in-store television network featuring programming to educate consumers about sleep and the guidance for selecting the right mattress for their personal needs.

Whether the customer has snoring problems, backaches or just trouble falling asleep, Mattress Firm now had more options to provide sleep solutions for their customers.

As new research emerged showing the link between proper sleep and good health, Mattress Firm responded to the growing demand for specialty mattresses by expanding its non-innerspring product selection to include memory foam mattress sets such as Tempur-Pedic® products.


 

NASDAQ: MFRM

MFRM
(%)

Annual Reports

Mattress Firm Financial Highlights

S&P Credit Rating: B+
Moody’s Credit Rating: B2
Annual Revenue 2015: $2.54B
Annual Revenue 2014: $1.81B
Revenue Growth: 33.84 2014
Net Income $64.52M
Units (Feb. 2016) 3,500
Average Units Volume: $726.2K

Recent Closings for Mattress Firm and Similar Tenants

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