Investment Highlights

LONG-TERM NET LEASE WITH SCHEDULED RENTAL INCREASES
» 11-year net lease with two five-year option periods
» Corporate guaranty
» 10% rental increases after Year 5 and in options, providing a hedge against inflation

NATIONAL TENANT WITH STRONG FINANCIALS
» Mattress Firm has a “B1” rating from Moody’s
» Largest mattress retailer in the U.S., with over 3,500 locations nationwide, and continuously expanding
» Over $1.3 billion in annual revenue

EXCELLENT LOCATION IN DERBY’S MAIN RETAIL CORRIDOR
» Directly across from Derby Marketplace, Derby’s largest retail center, featuring major national and regional tenants, including Target, Ross, T.J. Maxx, Famous Footwear, Hobby Lobby, Petco, Dillons Marketplace, and many others
» Excellent access and visibility from Rock Road, Derby’s main commercial thoroughfare
» Cross access with a newly-constructed ALDI grocery store

WICHITA MSA LOCATION WITH STRONG DEMOGRAPHICS
» Wichita is the largest city in Kansas
» Located near major employers, including McConnell Air Force Base and Spirit AeroSystems, with over 128,000 daytime employees within a five-mile
» Koch Industries and Cargill, the two largest privately-held companies in the U.S., both operate headquarters facilities in Wichita
» Less than 10 miles from downtown Wichita
» Derby is Wichita’s largest suburb

Click Here to Download Offering Memorandum

Property Description

SOLD

The property is located on Rock Road, Derby’s main commercial thoroughfare, with excellent access and visibility to over 15,000 vehicles per day. The property is located next to Aldi and across from Derby Marketplace, the largest retail center in Derby. The 600,000 square foot shopping center features national and regional tenants, including Target, Hobby Lobby, Petco, Famous Footwear, GameStop, Ross, T.J. Maxx, Dillons Marketplace, Buffalo Wild Wings, and many others. Other retailers on Rock Road include Applebee’s, Goodwill, Wendy’s, Dollar Tree, Supercuts, AT&T, and McDonald’s.

The property benefits from its central location in the Wichita metro area. Several major employers are located within five miles of the site, including McConnell Air Force Base and Spirit AeroSystems, two of the largest employers in the Wichita MSA. As a result, 128,027 daytime employees work within a five-mile radius of the property, providing a large customer base for Mattress Firm. Additionally, the region’s largest outdoor aquatic park, Rock River Rapids Aquatic Park, is located less than a mile down Rock Road from the property. Rock River Rapids boasts six water slides, a tree-house themed play area, and three heated pools, including a zero-depth entry pool, a lazy river, and an eight lane lap pool.