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 3,600 locations nationwide and over $2.54 billion in annual revenue

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Prime location on Highway 78, Jasper’s primary retail corridor, with excellent visibility and access to 27,520 vehicles per day
» Surrounded by large shopping plazas and major national retailers, including Walmart Supercenter, Home Depot, CVS, Tractor Supply Company, Belk, and many others

CLOSE PROXIMITY TO MAJOR NEW DEVELOPMENTS
» Near Interstate 22, the new freeway connecting Birmingham and Memphis
» Just over two miles from new 50-acre Yorozu automotive plant, costing over $100 million to build and employing 300 workers, making it the largest employer in Jasper
» Within walking distance of state-of-the-art Jasper High School, which opened in January 2017 (current enrollment of 800+ students, with a capacity of 1,200 students)
» Near Lewis Smith Lake, a 21,000-acre reservoir with 500 miles of coastline, making it one of Alabama’s most popular vacation spots

EXCELLENT LOCATION IN EXPLOSIVE GROWTH CORRIDOR
» Central location in new Interstate 22 corridor, which has an immense potential for future growth, boosting economic development in the area
» Jasper is the location of the new Yorozu plant, which received recognition as the largest Japanese investment in Alabama in 2015 and the largest job creation commitment by a Japanese company in Alabama in 2015 (over $100 million invested and 300 jobs created)
» Jasper is a growing retail hub for a five-county trade area

Property Description

SOLD

The property is located on Highway 78, Jasper’s main retail corridor, with excellent visibility and access to 27,520 vehicles per day. The property is directly across from Jasper Square, a retail plaza anchored by Hobby Lobby and featuring T.J. Maxx, Walgreens, Petco, Shoe Carnival, and McDonald’s. Jasper Mall is also across from the property and is anchored by JCPenney and Belk. Other major retailers near the property include Walmart Supercenter, Home Depot, CVS, Tractor Supply Company, Big Lots, Dollar General, Advance Auto Parts, Burger King, and many others.

The property is centrally located in Jasper and is close to several new developments. Downtown Jasper is just over a mile from the property, and Bevill State Community College is within walking distance. Bevill State Community College, which was named Alabama’s best community college for workforce training by Southern Business & Development in 2015, has over 3,000 students. Across from the college is the new Jasper High School, which opened in January 2017. The high school can hold up to 1,200 students and has a current enrollment of over 800. Another major development, Interstate 22, is less than three miles from the property. Interstate 22, which recently completed construction, connects Birmingham, Alabama to Memphis, Tennessee, providing a faster link between the two metros and a corridor for growth that is already taking place. Attracted by the new Interstate 22 corridor, Yorozu invested over $100 million to construct an automotive plant that will employ 300 workers. The automotive industry is driving Alabama’s economy; the state is in the top five automobile producing states in the country. As a result of Yorozu’s investment, Jasper is already attracting interest from other auto suppliers. Overall, the value in economic development along the Interstate 22 corridor is immense and will continue to grow.