Investment Highlights

LONG-TERM NET LEASE TO STRONG CORPORATE TENANT
» 11-year net lease with 10% rental increases every five years, providing a hedge against inflation
» Guaranteed by Mattress Holding Corp. – rated “B1” by Moody’s
» Largest mattress retailer in the U.S., with more than 3,500 locations nationwide and over $1.3 billion in annual revenue

HIGH-TRAFFIC LOCATION IN PRIMARY RETAIL CORRIDOR
» Excellent location on Gulf Shores Parkway, the primary gateway thoroughfare for tourists, employees, and residents
» 34,150 vehicles per day in front of the property
» Directly across from the largest retail center in Gulf Shores, featuring Target, Publix, Bed Bath & Beyond, and Cobb Theatres

PRIME LOCATION IN RAPIDLY GROWING AREA
» The population of Baldwin County has grown over 43% since 2000
» Baldwin County was the fastest growing county in Alabama in 2015
» Projected to be the fourth largest county in the state by 2040
» Baldwin County experienced 4.2% total job growth from 2015 to 2016, with per capita income rising 11% since 2009

CLOSE PROXIMITY TO MAJOR TOURIST ATTRACTIONS
» Baldwin County is Alabama’s number one tourist destination, and Gulf Shores attracts over 5.7 million visitors each year, fueling a $3 billion local tourism industry
» Less than four miles from the beach, downtown Gulf Shores, and the location of Hangout Fest, an annual three-day music festival with 40,000 attendees and an economic impact of $30 million
» Near the Gulf Shores Sportsplex, which hosts over 100 events each year, generating $30.8 million in visitor spending
» Across from Craft Farms, a top-rated golf resorts, with the only 18-hole golf courses designed by Arnold Palmer in Alabama

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Property Description

SOLD

The property is located on Gulf Shores Parkway—a major gateway thoroughfare for tourists, employees, and residents—with excellent visibility and access to 34,150 vehicles per day. Craft Farms, a 500-home community and golf resort with two 18-hole golf courses designed by Arnold Palmer and a large shopping center, is directly across from the property. One of three Coastal Alabama Community College campuses, formerly known as Faulkner State Community College, is located a mile south of the site and has an enrollment of over 4,400 students. The Craft Farms retail development, with approximately 650,000 square feet of floor space, features Target, Bed Bath & Beyond, Cobb Theatres, Publix, Books-A-Million, Hibbett Sports, Dollar Tree, and many other notable tenants. Other major retailers in the Gulf Shores Parkway retail corridor include Walmart Supercenter, Lowe’s, Hobby Lobby, Home Depot, and Tanger Outlets, which features a number of upscale retailers, including Michael Kors, Coach, Kate Spade, Le Creuset, and Tommy Hilfiger. The property is just over three miles from The Wharf, a shopping and entertainment district featuring a marina, golf course, water park, 10,000-seat amphitheater, and one of the largest Ferris wheels in the Southeast.

The property is located less than four miles north of the beach and four miles from downtown Gulf Shores. The beach is one of the major tourist attractions in Gulf Shores, making up a large percentage of the over 5.7 million people per year who visit Gulf Shores. The stretch of beach closest to the property is also the location of Hangout Fest, an annual three-day music festival with 40,000 attendees, which generates over $30 million for the local economy. The property is also close to the Gulf Shores Sportsplex, a 100-acre sports facility which hosts over 100 events per year, generating $30.8 million in visitor spending.