Views: 0 DOM: 101 Updated: 11.27.23 Posted: 09.01.23 Status: Active


Price $2,200,000
Built/Renov 2023
Tenant Sleep Number
Cap Rate 6.00%
Lease Type NN+
Guarantor Corp Traded
Size/SF 3,000
Lease Start 09-01-2023
#Units 670
Price/SF $733.33
Expiration 08-31-2033
Tenant Type General Retail
NOI $132,000
R. Term 9.8
Ownership Fee Simple
Rent/SF $44.00
Increases 10.0%/5/yrs
Pop 5Mi 79,088
Lot/AC 1.08
Options 2/5yrs/10%
AHHI 5Mi $83,776

Lease Highlights

  • Brand-new construction, opening September 2023
  • Tenant will execute a brand new 10-year lease with 2 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ | Minimal landlord responsibilities (roof and structure) includes transferrable roof warranty
  • Corporate guarantee by Sleep Number (NASDAQ: SNBR)

Location Description

This newly constructed 3,000 square foot Sleep Number is located at the signalized, hard corner intersection of Alcoa Market Street and Middlesettlements Road and benefits from multiple points of ingress/egress. The subject property is part of a larger development that will feature over 16,800 SF of retail space, a fully leased 192-unit apartment complex, as well as neighboring tenants such as...



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  • Tenant: Sleep Number
  • Guarantor:Corp Traded
  • Company:Sleep Number
  • # Units:670
  • Stock:NASDAQ: SNBR

About Tenant

Sleep Number Corporation, founded in 1987, is an American manufacturer that makes the Sleep Number and Comfortaire beds, as well as foundations and bedding accessories. Sleep Number products are...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,869 31,885 66,338
2023 Total Population : 3,878 31,127 64,673
2023 Employed Civilian Pop : 1,873 14,349 29,609
2023 Total Businesses : 130 820 2,239
2023 Average Household Income : $ 86,491 $ 91,945 $ 86,387
2023 Total Consumer Spending : $ 118 M $ 1004 M $ 1939 M
2023 Median Age : 46 44 44
2023 Total Households : 1,559 12,565 25,772
2023 Pop Age 25+: Bachelor's Degree : 575 4,352 8,428
2023 Average Home Value : $ 364,427 $ 348,193 $ 337,013
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Old Niles Ferry Road Willis Rd 2022 5,607 0.23 mi
Fairview Drive Willis Dr 2022 8,456 0.26 mi
Peterson Lane Sentell Dr 2022 3,317 0.66 mi
William Blount Drive Clover Hill Ridge Rd 2022 10,617 0.74 mi
SR 335 Clover Hill Ridge Rd 2021 11,669 0.74 mi
Sandy Springs Road Westcliff Dr 2022 10,368 1.36 mi
Cedar Lawn Blvd 2022 26,232 1.60 mi
Ridgeway Trl 2021 30,462 1.60 mi
W Broadway Ave Condry Ln 2005 32,760 1.66 mi
SR 335 County Farm Rd 2021 9,856 1.66 mi

Listing Broker

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