Single Tenant Mattress Warehouse

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Mattress Warehouse, (the “Property”) in Vineland, New Jersey, the largest municipality in Cumberland County. Set to open in January 2025, Mattress Warehouse will operate on a brand new 10-year lease that features 10% increases every 5 years including in the option periods. The Mattress Warehouse lease features a corporate guaranty from Mattress Warehouse, LLC. Mattress Warehouse sits on over three acres along Landis Ave (17,900 VPD), the main thoroughfare within Vineland, where the property benefits from excellent visibility from local traffic. The property sits adjacent to a ShopRite, Lidl and Walmart Supercenter which saw 2.8 million visits in the past 12 months (Placer.ai).

The property is located less than 1.5 miles east of exit 32A & 32B off State Route 55, a main freeway in southern New Jersey that boasts 48,200 VPD. The immediate area surrounding Mattress Warehouse consists of some of the top performing retailers within their respective chains according to Placer.ai. Starbucks ranks in the top 97th percentile of its chain in both the United States and New Jersey while Planet Fitness ranks in the top 98th percentile in New Jersey and 95th percentile in the United States. Additionally, Dollar Tree ranks in the top 90th percentile within the United States, cementing them as the top performing retail locations in the country (Placer.ai). Mattress Warehouse has offered the largest selection in quality brand bedding for over 35 years. Based in Frederick, Maryland, the company got its roots from a warehouse that was operating out of a storage locker and has since grown to over 300 locations.