Mattress Firm Anchored Multi-Tenant Retail

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LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	0.000%	Cap Rate	0.000%
Fixed Term	Approx. 9.5 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

The Property is located at the intersection of U.S. Route 52/63 and 41st Street NW, 4 miles northwest of downtown Rochester. It is located within a dense retail corridor that serves as the primary shopping destination for both Rochester and the surrounding regional trade area. There are numerous national retailers, restaurants, and hotels in the immediate area including: Target, Best Buy, The Home Depot, Staples, PetSmart, Panera, Chipotle, Noodles & Co., Towne Place Suites (by Marriott), and numerous others. Additionally, just north of the Property are a variety of car dealerships including Ford, GMC, Nissan, Jeep, Honda, and Hyundai. Moreover, IBM’s 3.1 million square foot computer research, development, and manufacturing complex is directly across U.S. Route 52, a half mile from the Property. This facility is over a mile long and its campus is estimated to employ more than 3,000 highly skilled professionals, and along with the Mayo Clinic, is one of the region’s largest employers.Rochester is a city in and the county seat of Olmsted County in southeast Minnesota. It is located along Interstate 90, roughly 50 miles west of the Mississippi River and the Wisconsin state line and 90 miles south of Minneapolis. Rochester is Minnesota’s third-largest city and the largest city outside of the Minneapolis-St. Paul-Bloomington MSA. As of 2010, its population was 106,679, a 24.4% increase since 2000 and an over 84% in the last 30 years.

Highlights

IBM Rochester – Property is less than one mile from IBM Rochester, a facility that comprises 3.1 million square feet of laboratory and production space and employs more than 3,000 highly skilled professionals Prime Value Add Opportunity – Property presents investors with prime opportunity to acquire a premier retail asset at an above market yield and realize substantial value through the leasing of the currently vacant retail space. Additionally, investors will receive a Seller master-lease of the vacant space to provide them with time to lease the vacancyNew Construction – Building was completed Q1 2014 and was built to suit for Mattress Firm. Includes adjoining retail space which can be leased to a restaurant or other national retailer9.5 Years Remaining – Mattress Firm is operating under a 10 year base lease, of which approximately 9.5 years remainNNN Lease with Limited Landlord Responsibility – Mattress Firm lease is NNN with landlord responsibility limited to capital improvementsRental Escalations – Mattress Firm lease features a 10% rental increase every 5 years through the duration of the base lease term and at the start of each effective option period Dense Retail Corridor – Property is located within Rochester’s primary retail corridor surrounding the interchange of U.S. Route 52/63 and 41st Street NorthwestMattress Firm (NASDAQ: MRFM) – Mattress Firm Holding Corp., the parent of Mattress Firm, Inc., reported revenue of $1.22 billion and net income of $52.92 million for FY2013. MRFM currently holds a B2 Corporate Family Rating from Moody’s Excellent Demographics – Property benefits from a population of nearly 100k and average HH income in excess of $86k within a 5-mile radius

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.